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Level 2
posted Apr 6, 2022 6:01:20 PM

How do I input long term capital gain for cryptocurrency?

Im on the page to input crypto purchases.  TurboTax asks, "When did you receive this investment?"
I bought it back in 2019.
TurboTax tells me It has to be within the past 12 months.
But, how does anyone input a LONG TERM capita gain bought years ago, if TurboTax only allows purchases within the past 12 months?

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1 Replies
Expert Alumni
Apr 6, 2022 6:53:29 PM

Enter the long term capital gain under 

Income 

Investment Income

Stocks, Mutual Funds, Bonds, Other

 

You need to be entering this as a sale. 

Date sold needs to be 2021, but date acquired can be an earlier year. 

 

We have not heard of any issues, but if you are using TurboTax Online and having trouble entering in the Crypto section, delete it and switch to Stocks.