HOW DO I REPORT THE SALE OF CRYPTO CURRENCY FROM ROBINHOOD AND GEMINI?

TomW5 — Mon, 09 Mar 2026 08:35:59 GMT

What is the step by step process to record crypto transactions in TurboTax?

I received a 1099-B from Robinhood, and Gemini sent me an email indicating they are not required by the IRS to issue a Form 1099.

Re: HOW DO I REPORT THE SALE OF CRYPTO CURRENCY FROM ROBINHOOD AND GEMINI?

DianeW777 — Wed, 09 Mar 2022 20:00:25 GMT

You can use the 1099B section to enter your cryptocurrency sale (see below). Repurchase is not part of the equation except when the repurchased items are sold at which time the cost basis is needed. Any gain or loss from actual transfers/sales is reported regardless of what the funds were used for.

In TurboTax Online you will find Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) as a selection under Investment Income
In TurboTax CD/Download you will enter Cryptocurrency as a Stock, Mutual Funds, Bonds, Other, under Investment Income
OR simply search for Cryptocurrency in the upper right

Be prepared with the following information:

Service name (examples: Coinbase)
Asset name (examples: Bitcoin, Ethereum)
Date of purchase
Cost basis
Date of sale
Sale proceeds
Associated costs to buy and/or sell

You can do a summary of long term and then short term combinations (long term holding is more than one year, short term holding is one year or less). Make one entry for each. You can then send the worksheets or statement with Form 8949 after your return is accepted, attached to Form 8453.

Sale date can be the last date a sale occurred or 12/31/2021
Purchase date can be 'Various'

If you are e-filing your tax return, then mail your statements (including Form 1099-B), along with Form 8453 to:

Internal Revenue Service

Attn: Shipping and Receiving, 0254

Receipt and Control Branch

Austin, TX 73344-0254

If you need a blank Form 8453, you can download this pdf, enter your address information and check the box for Form 8949 (this form is really just a cover sheet).

topic HOW DO I REPORT THE SALE OF CRYPTO CURRENCY FROM ROBINHOOD AND GEMINI? in Get your taxes done using TurboTax

HOW DO I REPORT THE SALE OF CRYPTO CURRENCY FROM ROBINHOOD AND GEMINI?

Re: HOW DO I REPORT THE SALE OF CRYPTO CURRENCY FROM ROBINHOOD AND GEMINI?