topic What should I mark for the sales section when it says "Short Term Transactions For Noncovered Tax Lots" in Get your taxes done using TurboTax

What should I mark for the sales section when it says "Short Term Transactions For Noncovered Tax Lots"

joahuab2020 — Mon, 09 Mar 2026 04:47:45 GMT

Cryptocurrency

Re: What should I mark for the sales section when it says "Short Term Transactions For Noncovered Tax Lots"

maricruz — Sun, 27 Feb 2022 03:58:16 GMT

You need to select Short Term Non-covered in the drop down.

Re: What should I mark for the sales section when it says "Short Term Transactions For Noncovered...

ErnieS0 — Sun, 27 Feb 2022 13:49:09 GMT

Short-term transactions are sales or exchanges of cryptocurrency that you bought and sold in a year or less. Noncovered means your crypto exchange did not report your cost (basis) to the IRS.

Awesome community member @maricruz nailed it. Select short-term noncovered in the drop down.

Your may have to add your cost. Noncovered transactions may have a blank cost because it is not reported to the IRS. If you get those errors, check your records or brokerage statement to find a cost basis.