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Level 1
February 24, 2021
Solved

Coinbase crypto question

  • February 24, 2021
  • 1 reply
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How do I report crypto assets that were given by coinbase earn (coinbase crypto quiz) and later traded for other crypto? I'm not sure how to report the date of purchase for this transaction.

The date I received coin from coinbase is the date of purchase?

Best answer by JohnW152

That's correct -- use the date you received the asset.  

Please see the TurboTax Help article How do I report earnings or losses from Bitcoin and other cryptocurrency? for guidance.

 

1 reply

JohnW152Answer
Level 15
February 24, 2021

That's correct -- use the date you received the asset.  

Please see the TurboTax Help article How do I report earnings or losses from Bitcoin and other cryptocurrency? for guidance.