Where to enter crypto sales without a 1099 on TT 2025 Premier Desktop

[thepep]

The bulk of my buys/sells are on Defi platforms like Uniswap, Raydium, Pancakeswap, etc.  No 1099 forms issued of course.  Where do I enter these sales?  It would seem to be under Investment Income but that says "1099-B, 1099-DA or broker statements".  This is not applicable to me in most of my cases.  If it still goes here, it appears to be the first option "Stocks, Cryptocurrency, Mutual Funds, Bonds, Other".  I click "Add Investments" and Skip Import.  All of the 5 choices, and specifically Digital Assets, are associated with various 1099 forms which are not applicable to me.  As an example, if I then click Digital Assets, it asks what broker I got my form from.  What do I do?

[DianeW777]

If we consider these as cryptocurrency, then you would report the transactions by selecting 1099-DA even though you don't have a form. 

In this case, you can select, first to skip import and when you make your selection choose 'Other' and then you will be allowed to make a selection of the type of investment.

1. Name can be Crypto or something similar
2. Crypto > Type of Investment can be 'Other' > I purchased it > Description
3. Continue to answer the questions 
4. If you use Something other than a date and select Various - be prepared to answer the questions about holding period.

Additional information for your to consider for summary transactions.

A solution can be to enter summary transactions if you have many transactions. Your brokerage statements should include a summary of your transactions, grouped by sales category, for example, Box A short-term covered or Box D long-term covered.

You can always use direct entry if you choose, with summary totals.  The only exception if wash sales, which must be entered separately, if you have any.

• Where do I enter Form 1099-B? (Ignore import)
• How do I mail Form 8453? (review if alerted)

Holding Periods:

• Long term is a holding period of more than one year (one year plus one day) and receives capital gain tax treatment (0%, 10%, 15%, 20% depending on your regular rate of tax)
• Short term is a holding period of one year or less and receives ordinary gain tax treatment (your regular rate)

@thepep 

[thepep]

Thank you for the reply.  I am a little confused now.  After skip import, I'm presented with 5 choices but only two are possibilities:  the "Other" choice you outlined in your response and Digital Assets (w/ 1099-DA listed beneath it).  I completely understand the procedure that you described if Other is chosen.  However, why would I not use the Digital Assets choice and choose "I don't have a 1099-DA" and proceed from there?  Under "What type of investment I sold", the choices are digital asset (ie bitcoin, etc), NFT or stablecoin w/ choices of purchase, mining, staking, etc. for how I received the crypto.

The only problem with using the Digital Assets choice, is it does not give the option to choose "Something other than a date" so that I can enter "Various" in a situation where I acquired the asset on different dates but sold lump sum.

Any further opinion/comments are greatly appreciated!

[thepep]

Please see above additional questions

@DianeW777