How do I report crypto on deluxe version?

Forum|Forum|7 years ago
March 13, 2019
3 replies
32 views

I'm trying to finish my taxes and I have the deluxe version. I'm trying to see if I can report crypto without having to upgrade to a premium. I understand that it would be capital gains and would go under property, but I'm not seeing exactly where I can input crypto info. Also if I am putting it as a investment, but don't have the 1099-B or statement (as crypto only gives you CSV file unless you already got 1099-K, which type of investment would it fall under (second home, land, collectible, mutual funds, etc)?

Edit: I'm on the CD installed version, not online

IsabellaG

Level 13

You can use the CD version of TurboTax Deluxe to report your crypto gains and losses, but there is no special place to enter cryptocurrency transactions in any CD/Download version. Only in the Online version of Premier or Self-Employed is cryptocurrency separated from other Sales of Investments.

You're correct to input your transactions under Investments. If the cryptocurrency was held for investment purposes, you would classify it as "everything else."

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CaptainJim

Level 2

Is this the same approach we should take when using the desktop version of TurboTax Deluxe 2019? It's not really clear if that is the right approach for this year or not using that version. Thanks!