turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

mlcolucci
Returning Member

Capital Gain on Bitcoin with turbo tax download

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.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
rjs
Level 15
Level 15

Capital Gain on Bitcoin with turbo tax download

Enter a sale of Bitcoin the same way you would enter a sale of stock.

 

ThomasM125
Expert Alumni

Capital Gain on Bitcoin with turbo tax download

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

 

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question