virtual currency

[am66]

I did buy and sell virtual currency in 2020.  I checked the box yes that ask the question.  Is there any other forms that I need to complete.

Thank you

[GloriaL]

Yes, you will need to enter your cryptocurrency transactions.  You may import it from your cryptocurrency service (if available) or enter it manually.

To enter cryptocurrency on your return:

1. Open or continue your return.
2. In the search box, type Cryptocurrency.
3. Click on “Jump to cryptocurrency”.
4. On the screen that asks Did you sell or trade cryptocurrency in 2020? Answer Yes.
5. The next screen will say Let’s get your cryptocurrency info. You can choose to import it if you have one of the services, if not, click on I’ll type it in myself.
6. If you choose to type it yourself, you will be directed to the next page, click on Continue and enter your transactions on the next screen.
7. Once you have entered your transactions, click on Continue.