2589930
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Where can I edit a crypto transaction and say it was a transfer to wallet - Not sale?

Below are the transactions, I click edit on right. 

1.JPG

Edit mode below. Where do I indicate this is a transfer to wallet so it doesn't trigger capital gain?

2.JPG

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
JohnB5677
Expert Alumni

Where can I edit a crypto transaction and say it was a transfer to wallet - Not sale?

If the transfer was simply to your wallet it does not have to be reported, and you can simply delete it.

From the screenshot that you're showing you can simply select the trashcan on the right side of the record to delete it.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Where can I edit a crypto transaction and say it was a transfer to wallet - Not sale?

Ok thanks. I just don't want to get audited. I don't want to IRS to pull the same data above and consider it a profit and I don't show it. Could that happen? 

MarilynG1
Expert Alumni

Where can I edit a crypto transaction and say it was a transfer to wallet - Not sale?

Many investors save their spreadsheet to their computer and delete certain transactions before importing into TurboTax.

 

Crypto transactions may need to be entered in different areas of the program.

 

Click this link for more info on How is Crypto Taxed?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question