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Returning Member
posted Feb 21, 2021 5:04:19 AM

My first time reporting cryptocurrency... i received a 1099-b and a csv document for cryptocurrency. Do I use both forms for reporting cryptocurrency transactions?

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2 Replies
Level 15
Feb 21, 2021 5:14:11 AM

report your sales of capital assets.

an exchange from one currency to another is considered a sale of the first currency.

do not enter your transactions twice.

Returning Member
Feb 21, 2021 6:44:49 AM

Thank you for responding to my question, i really appreciate the help. I just want to make sure i understand this correctly. Since i have the 1099-B for cryptocurrency, just use that form to file my taxes, and not import the CSV document, correct?.. Also, I received another 1099-B for other stocks. Which means importing 2 1099-Bs, one for cryptocurrency and one for stocks?