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New Member
posted May 16, 2021 2:57:25 PM

I imported my Robinhood 1099, but super confused on how to identify taxable vs non-taxable transactions on Turbotax.

I know that the only non-taxable transactions I have are the purchasing of crypto using USD. But how do I identify these?

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1 Replies
Level 15
May 16, 2021 5:41:31 PM

Don't be confused.

On your tax return, you only report SELL transactions that occurred in calendar year 2020.

the only way to pay no tax is, a) you took a loss, or b) your capital gains rate on the transaction(s) is zero (requires holding more than one year)..