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Level 2
posted Feb 24, 2021 9:01:42 AM

Coinbase crypto question

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?

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1 Best answer
Expert Alumni
Feb 24, 2021 9:55:24 AM

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 Replies
Expert Alumni
Feb 24, 2021 9:55:24 AM

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.