Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Feb 21, 2026 9:06:08 AM

1099-DA Form : How to enter stablecoins (optional aggregate reporting method)?

My 1099-DA form has a section for stable coins. It only lists aggregate proceeds. How do I account for this in TurboTax?

 

This is what the form says:

 

"The table below summarizes any capital gain/loss on the disposal of digital assets being reported using the optional aggregate reporting method . This includes designated dispositions of qualified stablecoin, as well as the sale of Non-Fungible Tokens (NFTs), whose proceeds meet the reporting threshold. The information on this form is reported to the IRS. This label is a substitute for Box 11a of the Form 1099-DA."

 

Here's a picture:

 

48oPcNI

 

How do I enter this into TurboTax? I know my total cost basis, so I'm not concerned about that being missing (I'll add it wherever needed), I just don't know where this goes. I don't see any options for stablecoins underneath the "Sales section" when going through the step-by-step for the 1099-DA.

 

The only options I see are:

7GNBuUT

0 1 365
1 Replies
Employee Tax Expert
Feb 22, 2026 6:09:51 AM

You are entering the IRS form 1099-DA using the sales section totals method in TurboTax Desktop Premium.

 

The IRS form 1099-DA shown does not report cost basis.  I would report either Short-term transaction with basis not reported to the IRS (non-covered) or Long-term transactions with basis not reported to the IRS (non-covered).

 

Since basis is not reported, you will report I need to adjust my total cost basis and select B (cost basis incorrect on form).  The adjustment code will be reported on the IRS form 8949.

 

At the screen Now, choose how  to enter your sales, you may also select the one-by-one method of reporting the transaction(s).