Solved: How do I report cryptocurrencies I bought this year. I've traded them for each other but not for cash. Do I need to list each trade and where?
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How do I report cryptocurrencies I bought this year. I've traded them for each other but not for cash. Do I need to list each trade and where?

 
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How do I report cryptocurrencies I bought this year. I've traded them for each other but not for cash. Do I need to list each trade and where?

You do need to enter each trade.   You'll list each trade using the "Stocks, Mutual funds, Bonds, Other" interview and tell TurboTax that no 1099-B was received.   As to investment type you can select "Everything else."  You'll translate proceeds of each sale into the spot US dollar amount at the time of the sale.
Tom Young

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Level 12

How do I report cryptocurrencies I bought this year. I've traded them for each other but not for cash. Do I need to list each trade and where?

You do need to enter each trade.   You'll list each trade using the "Stocks, Mutual funds, Bonds, Other" interview and tell TurboTax that no 1099-B was received.   As to investment type you can select "Everything else."  You'll translate proceeds of each sale into the spot US dollar amount at the time of the sale.
Tom Young

View solution in original post

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