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pjdu
Level 2

How to categorize bitcoin sales to long term covered/un-covered/not reported

Hi TurboTax Community,

 

I generated a txf file using Coin tracker from my Coin base account. When I imported the txf file to my turbo tax desktop version. The type of sale field is not auto-filled. I see that the sale type is long term in the capital gains csv generated by Coin tracker. Which among the following is the appropriate  to choose in turbo tax "sale category" drop down menu?

 

a) Long term covered

b) Long term noncovered

c) Long term not reported

 

Thank you

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2 Replies

How to categorize bitcoin sales to long term covered/un-covered/not reported

if you did not get a 1099-B the category is "C" 

How to categorize bitcoin sales to long term covered/un-covered/not reported

you would use C or F depending on the holding period of the asset you sold.

F is more than one year.

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