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Returning Member
posted Feb 16, 2023 1:48:16 PM

When reporting 100-b for crypto and investment sales, turbo tax only asks if I sold any. because filing jointly, does it matter if it was my spouse or i who sold them?

turbo tax does not give option to say who the 1099-b belongs to. only question  they ask says  "did you." im guessing that since we are filing jointly it doesn't matter but i wanted to check.

0 3 438
3 Replies
Expert Alumni
Feb 16, 2023 2:03:27 PM

You are correct, it does not matter.  If either of you effected transactions involving cryptocurrency as contemplated by the question on Form 1040, then you should answer that question with a "yes."  Filing MFJ means that the return includes all income, deductions, and credits for both taxpayers, including whether either taxpayer had transactions involving digital assets.  Digital assets include cryptocurrencies.  

 

@sea0824

Returning Member
Feb 16, 2023 2:16:33 PM

thank you

Level 15
Feb 16, 2023 2:32:22 PM

it does matter because carryover losses go with the spouse who owns the account.

a 1099-B from a brokerage will belong to one spouse or the other.

when you don't have a 1099-B, you need to keep your own records.