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user17722241341
Level 2
February 7, 2021
Question

Virtual Currency

  • February 7, 2021
  • 1 reply
  • 0 views

I checked the box yes for did you acquire sold or exchanged virtual currency in 2020.  The next screen nice job you are done with income.  It does not come up with a page to enter any information.  Please help

    1 reply

    DaveF1006
    DaveF1006
    Level 15
    February 7, 2021

    You need to take it one step further as this is vital in reporting your cryptocurrency transactions to the IRS. 

    1. Log into Turbo Tax

    2. Go to federal>wages and income>investment income>show more

    3. Scroll to the bottom of this heading and select cryptocurrency

    4. Since you already selected that you traded virtual currency, you will probably already see that heading in your income and expenses summary page when you click on wages and income.

     

     

    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"
      U
      user17722241341Author
      Level 2
      February 13, 2021

      I need to speak to someone.  Please send me a phone number to call regarding cryptocurrency

       

      SForrestLO
      SForrestLO
      Level 11
      February 15, 2021

      @user17722241341

       

      This FAQ will provide you with the steps to contact an agent.

      How to contact an agent

      **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"
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