in Events
How do I report a cryptocurrency capital gain if I'm using the turbotax download and not the online version? I only can find instructions for the online version.
You'll need to sign in or create an account to connect with an expert.
Enter a sale of Bitcoin the same way you would enter a sale of stock.
Follow these steps to report a sale of Bitcoin in TurboTax desktop:
1. Find Your Income Summary page
2. Find Investment Income
3. Choose Stocks, Mutual Funds, Bonds, Other and click on the Update or Start box
4. Answer "Yes" to the question regarding Did you sell investments in 2021?
5. Answer the question regarding getting a form 1099-B
6. Choose the I'll enter one sale at a time option
7. Enter the description, date sold, date acquired, sales proceeds, cost or other basis of your investment sale
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Raph
Community Manager
in Events
rameshdevineni-physio
New Member
gpathaka
New Member
befuddled4
Level 3
ed128
Level 2