topic How and where do I report Cryptocurrency coin-to-coin trading on our tax report? in Investors & landlords https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-and-where-do-i-report-cryptocurrency-coin-to-coin-trading-on-our-tax-report/01/715357#M31717 Thu, 06 Jun 2019 14:35:25 GMT nick-garcia18 2019-06-06T14:35:25Z How and where do I report Cryptocurrency coin-to-coin trading on our tax report? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-and-where-do-i-report-cryptocurrency-coin-to-coin-trading-on-our-tax-report/01/715357#M31717 Thu, 06 Jun 2019 14:35:25 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-and-where-do-i-report-cryptocurrency-coin-to-coin-trading-on-our-tax-report/01/715357#M31717 nick-garcia18 2019-06-06T14:35:25Z Follow these steps in the Premier Edition: Open (continu... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/follow-these-steps-in-the-premier-edition-open-continu/01/715362#M31718 <P>Follow these steps in the Premier Edition:</P><OL> <LI>Open (continue) your return in TurboTax.</LI> <LI>In the search box, search for&nbsp;<STRONG>investment sales</STRONG>&nbsp;and then select the "Jump to" link in the search results.</LI> <LI>Answer&nbsp;<STRONG>Yes</STRONG>&nbsp;to the question&nbsp;Did you sell any investments?&nbsp;&nbsp;(If you land on the&nbsp;Here's the investment sales we have so far&nbsp;screen, select&nbsp;<STRONG>Add More Sales</STRONG>.)</LI> <LI>Continue following the onscreen instructions and we'll calculate the gain or loss from the sale. Note: There isn't a specific section for digital currency, but if you answer the questions related to sales, we'll be able to do the proper calculation.</LI> </OL><P>OR if the jump-to link is not working</P><P> </P><OL> <LI>Select the&nbsp;<B>Federal&nbsp;</B>tab</LI> <LI>Select&nbsp;<B>Wages and Income&nbsp;</B> </LI> <LI>Select&nbsp;<B>Investment Income</B> </LI> <LI>You'll list each trade/sale in the&nbsp;<B>Stocks, Mutual funds, Bonds, Other&nbsp;</B>interview&nbsp;</LI> <LI>When asked&nbsp;<B>Did you get a 1099-B or a brokerage statement for these sales?&nbsp;</B>select&nbsp;<B>No&nbsp;</B> </LI> <LI>When asked to&nbsp;<B>Choose the type of investment you sold</B>&nbsp;select&nbsp;<B>Everything else</B> </LI> <LI>Translate proceeds of each transfer into US dollars at the time of the transfer</LI> <LI>Repeat for each</LI> </OL><P> </P><P>Please see this FAQ with more details: <A href="https://ttlc.intuit.com/replies/6468652" target="_blank">https://ttlc.intuit.com/replies/6468652</A></P> Thu, 06 Jun 2019 14:35:27 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/follow-these-steps-in-the-premier-edition-open-continu/01/715362#M31718 ErinH 2019-06-06T14:35:27Z How do you justify charging $20 more to enter these recor... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-do-you-justify-charging-20-more-to-enter-these-recor/01/715368#M31719 How do you justify charging $20 more to enter these records when each transaction has to be done manually instead of through and API or import? Thu, 06 Jun 2019 14:35:28 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-do-you-justify-charging-20-more-to-enter-these-recor/01/715368#M31719 lukejhumphrey 2019-06-06T14:35:28Z I agree! There has to be an import option for Online Prem... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-agree-there-has-to-be-an-import-option-for-online-prem/01/715369#M31720 I agree! There has to be an import option for Online Premier accounts! Thu, 06 Jun 2019 14:35:30 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-agree-there-has-to-be-an-import-option-for-online-prem/01/715369#M31720 mcerad 2019-06-06T14:35:30Z This is not totally correct - concurrency is reported on... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/this-is-not-totally-correct-concurrency-is-reported-on/01/715374#M31721 This is not totally correct - concurrency is reported on form 8949 then on the Sch D. Every "sale" must be reported, even if you are exchange coin to coin (as in I bought BTC then exchange BTC to LTC, you have to report the gain or loss on the BTC). And. yes, follow the instructions above, but make sure to mail the 8949 in even if you file electronically. Thu, 06 Jun 2019 14:35:31 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/this-is-not-totally-correct-concurrency-is-reported-on/01/715374#M31721 martensw 2019-06-06T14:35:31Z
This XML file does not appear to have any style information associated with it. The document tree is shown below.
<rss xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:taxo="http://purl.org/rss/1.0/modules/taxonomy/" version="2.0">
<channel>
<title>
topic How and where do I report Cryptocurrency coin-to-coin trading on our tax report? in Investors & landlords
</title>
<link>
https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-and-where-do-i-report-cryptocurrency-coin-to-coin-trading-on-our-tax-report/01/715357#M31717
</link>
<description/>
<pubDate>Thu, 06 Jun 2019 14:35:25 GMT</pubDate>
<dc:creator>nick-garcia18</dc:creator>
<dc:date>2019-06-06T14:35:25Z</dc:date>
<item>
<title>
How and where do I report Cryptocurrency coin-to-coin trading on our tax report?
</title>
<link>
https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-and-where-do-i-report-cryptocurrency-coin-to-coin-trading-on-our-tax-report/01/715357#M31717
</link>
<description/>
<pubDate>Thu, 06 Jun 2019 14:35:25 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-and-where-do-i-report-cryptocurrency-coin-to-coin-trading-on-our-tax-report/01/715357#M31717
</guid>
<dc:creator>nick-garcia18</dc:creator>
<dc:date>2019-06-06T14:35:25Z</dc:date>
</item>
<item>
<title>
Follow these steps in the Premier Edition: Open (continu...
</title>
<link>
https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/follow-these-steps-in-the-premier-edition-open-continu/01/715362#M31718
</link>
<description>
<P>Follow these steps in the Premier Edition:</P><OL> <LI>Open (continue) your return in TurboTax.</LI> <LI>In the search box, search for&nbsp;<STRONG>investment sales</STRONG>&nbsp;and then select the "Jump to" link in the search results.</LI> <LI>Answer&nbsp;<STRONG>Yes</STRONG>&nbsp;to the question&nbsp;Did you sell any investments?&nbsp;&nbsp;(If you land on the&nbsp;Here's the investment sales we have so far&nbsp;screen, select&nbsp;<STRONG>Add More Sales</STRONG>.)</LI> <LI>Continue following the onscreen instructions and we'll calculate the gain or loss from the sale. Note: There isn't a specific section for digital currency, but if you answer the questions related to sales, we'll be able to do the proper calculation.</LI> </OL><P>OR if the jump-to link is not working</P><P> </P><OL> <LI>Select the&nbsp;<B>Federal&nbsp;</B>tab</LI> <LI>Select&nbsp;<B>Wages and Income&nbsp;</B> </LI> <LI>Select&nbsp;<B>Investment Income</B> </LI> <LI>You'll list each trade/sale in the&nbsp;<B>Stocks, Mutual funds, Bonds, Other&nbsp;</B>interview&nbsp;</LI> <LI>When asked&nbsp;<B>Did you get a 1099-B or a brokerage statement for these sales?&nbsp;</B>select&nbsp;<B>No&nbsp;</B> </LI> <LI>When asked to&nbsp;<B>Choose the type of investment you sold</B>&nbsp;select&nbsp;<B>Everything else</B> </LI> <LI>Translate proceeds of each transfer into US dollars at the time of the transfer</LI> <LI>Repeat for each</LI> </OL><P> </P><P>Please see this FAQ with more details: <A href="https://ttlc.intuit.com/replies/6468652" target="_blank">https://ttlc.intuit.com/replies/6468652</A></P>
</description>
<pubDate>Thu, 06 Jun 2019 14:35:27 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/follow-these-steps-in-the-premier-edition-open-continu/01/715362#M31718
</guid>
<dc:creator>ErinH</dc:creator>
<dc:date>2019-06-06T14:35:27Z</dc:date>
</item>
<item>
<title>
How do you justify charging $20 more to enter these recor...
</title>
<link>
https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-do-you-justify-charging-20-more-to-enter-these-recor/01/715368#M31719
</link>
<description>
How do you justify charging $20 more to enter these records when each transaction has to be done manually instead of through and API or import?
</description>
<pubDate>Thu, 06 Jun 2019 14:35:28 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-do-you-justify-charging-20-more-to-enter-these-recor/01/715368#M31719
</guid>
<dc:creator>lukejhumphrey</dc:creator>
<dc:date>2019-06-06T14:35:28Z</dc:date>
</item>
<item>
<title>
I agree! There has to be an import option for Online Prem...
</title>
<link>
https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-agree-there-has-to-be-an-import-option-for-online-prem/01/715369#M31720
</link>
<description>
I agree! There has to be an import option for Online Premier accounts!
</description>
<pubDate>Thu, 06 Jun 2019 14:35:30 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-agree-there-has-to-be-an-import-option-for-online-prem/01/715369#M31720
</guid>
<dc:creator>mcerad</dc:creator>
<dc:date>2019-06-06T14:35:30Z</dc:date>
</item>
<item>
<title>
This is not totally correct - concurrency is reported on...
</title>
<link>
https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/this-is-not-totally-correct-concurrency-is-reported-on/01/715374#M31721
</link>
<description>
This is not totally correct - concurrency is reported on form 8949 then on the Sch D. Every "sale" must be reported, even if you are exchange coin to coin (as in I bought BTC then exchange BTC to LTC, you have to report the gain or loss on the BTC). And. yes, follow the instructions above, but make sure to mail the 8949 in even if you file electronically.
</description>
<pubDate>Thu, 06 Jun 2019 14:35:31 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/this-is-not-totally-correct-concurrency-is-reported-on/01/715374#M31721
</guid>
<dc:creator>martensw</dc:creator>
<dc:date>2019-06-06T14:35:31Z</dc:date>
</item>
</channel>
</rss>