I bought and sold ETFs holding crypto such as FBTC (Fidelity Wise Origin Bitcoin Fund). I did not own any crypto personally. Is that crypto or ETF income?

[DianeW777]

An exchange traded fund (EFT) is treated like any other sale of an investment. Any sale or exchange is treated as a taxable sale for income tax purposes. Here are the necessary details to report your sale(s). 

1. Cost basis
2. Date of purchase
3. Date of sale
4. Sale proceeds.

A question will come up after your finish your income section of the return:

• Since your EFTs hold crypto, then you should select 'Yes' 'Did you have a financial stake in a digit asset?'

Report this sale of EFTs as an investment sale:  Where do I enter Investment Sales?

1. Open or continue your return.
2. Navigate to the investment sales section:
   • TurboTax Online/Mobile: Go to investment sales. If using this application, make sure it is open
   • TurboTax Desktop: Search for investment sales and then select the Jump to link. 
     • Or Personal Tab > Continue > I'll choose what I work on > Scroll to Investment Income > Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other
3. Answer Yes to the question Did you sell any of these investments in 2024? (or Okay! to Time to kickoff your investments!).
   • If you land on  the Investment sales summary or Your investments and savings screen, select Add More Sales or Add investments.