Where in turbo tax do you account for crypto capital gains?

[cecilhtamez01]

capital gains in turbo tax?

[ColeenD3]

ou may receive various types of forms, including a 1099-K, 1099-B, and/or a gain and loss report.

It’s your responsibility to keep records of your transactions. The most common way to do this is to download your order or trading history from your exchange’s website. You may need to do this a few times throughout the year due to limits on how far back you can get information.

Once you have your figures:

1. Open or continue your return in TurboTax Online
2. Select Federal, and Wages & Income
3. Scroll down and select Show more next to Investment Income (or Investments and Savings)
4. Select Start or Revisit next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)
5. Follow the instructions and we'll calculate the gain or loss from the sale

There's an upload limit of 4,000 cryptocurrency transactions in TurboTax. If you have more than that, you’ll need a transaction aggregator. We’ll walk you through that in the cryptocurrency section.

[DoninGA]

To enter an investment sale -

• Click on Federal Taxes (Personal using Home and Business)
• Click on Wages and Income (Personal Income using Home and Business)
• Click on I'll choose what I work on (if shown)
• Under Investment Income
• On Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B), click the start or update button

Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales