1132170
You'll need to sign in or create an account to connect with an expert.
For the 1099-INT, you should enter the postal code abbreviation for your state of residence.
For the cryptocurrency, you need to return to the cryptocurrency section to delete the entry you made. The first question from TurboTax is "Did you sell or trade cryptocurrency in 2019?". If you bought cryptocurrency, but didn't sell, exchange, or spend it, the answer to the question is "No". It only becomes a taxable transaction when you sell, exchange, convert, or spend it.
Click the "magnifying glass Search" icon, enter "cryptocurrency" in the search window and press return or enter, and then click on the "Jump to cryptocurrency" link to delete the cryptocurrency entry.
Keep good records of the value in US dollars of your initial "investment" the cryptocurrency. You'll need that number when you do have cryptocurrency transactions.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Mikiayane
Level 1
veronicaalvarado155
New Member
LLarsen1
Level 1
19stephenie93
New Member
lmenchaca
New Member