turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

what if I sold some crypto currency, but it wasn't enough to receive a form 1099-B?

what if I sold some crypto currency, but it wasn't enough to receive a form 1099-B?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
pk
Level 15
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

what if I sold some crypto currency, but it wasn't enough to receive a form 1099-B?

@quinnr-s-91 , whether you receive a 1099-B or similar informational  paperwork, you still have to recognize every dollar of income --- in your particular case  you report this just as if you had received a 1099-B  ( basis, sales price, sales costs, holding period ).  Note that on your return you are signing as "true"  (under perjury jurat).

View solution in original post

1 Reply
pk
Level 15
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

what if I sold some crypto currency, but it wasn't enough to receive a form 1099-B?

@quinnr-s-91 , whether you receive a 1099-B or similar informational  paperwork, you still have to recognize every dollar of income --- in your particular case  you report this just as if you had received a 1099-B  ( basis, sales price, sales costs, holding period ).  Note that on your return you are signing as "true"  (under perjury jurat).

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question