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Returning Member
posted Jun 1, 2021 4:35:37 PM

TurboTax is reporting my Cryptocurrency holding period as long term gains. How do I change this? Can this be changed? They were not long term gains.

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3 Replies
Level 15
Jun 1, 2021 4:45:20 PM

Correct the purchase or sell dates to correct the holding period. 

Returning Member
Jun 1, 2021 5:04:47 PM

Hi @Critter-3

 

I do not have the matches for when I bought and sold each cryptocurrency. That wasn't given to me by Cash App. I have my summary of transactions and the 1099 that they provided. 

 

Are you familiar with how TurboTax automatically does Form 8949? 

Level 15
Jun 2, 2021 8:32:12 PM

If you haven't matched your buys and sells, what are you using for "cost" ?