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?

posted

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)..

I can't import from Robinhood for tax 2024. I entered correct acct # and document id, a dialog box shows briefly and returns. I can import from other banks/brokerages.

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

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

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

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

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