Qualifying stablecoins section on 1099-DA

[popomama1]

I got a 1099-DA form. There is a section called  Qualifying stablecoins . The following picture shows what is included and there is no cost basis. How do I report it in TurboTax Premier version? Thanks.

[MelindaS1]

You can enter your cost basis (adjusted purchase price) manually to figure any gain/loss on the sale of these assets: 

Manually enter your 1099-DA in TurboTax Online by following these navigational steps:

1. Tax Home
2. Federal
3. Wages & Income
4. Investment Income
5. Select Start next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other
6. Select (+) Add investments
7. Select Skip Import
8. Select Digital Assets, select Continue
9. Proceed through the question screens to enter all your 1099-DA info.

Manually enter your 1099-DA in TurboTax Desktop by following these navigational steps:

1. Federal
2. Wages & Income
3. Select I'll choose what I work on
4. Investment Income
5. Select Start next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other
6. Select (+) Add investments
7. Select Skip Import
8. Select Digital Assets, select Continue
9. Proceed through the question screens to enter all your 1099-DA info.

Learn more: TurboTax - Your Crypto Tax Guide