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booom81
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Hello, so I had an incident where I got a margin liquidation on a bitcoin futures contract and lost everything, just curious how do I report that on Turbotax?

 
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2 Replies

Hello, so I had an incident where I got a margin liquidation on a bitcoin futures contract and lost everything, just curious how do I report that on Turbotax?

you should have a substitute 1099-B that reports your futures net gain or loss in 2018.
It goes on Forn 6781
booom81
New Member

Hello, so I had an incident where I got a margin liquidation on a bitcoin futures contract and lost everything, just curious how do I report that on Turbotax?

How can I report this manually since I have not received any broker statement? Can I list it as stock/currency loss and that I received $0 when sold on my TXF imported file instead of filling out form 6781? Unfortunately,I do not understand anything about form 6781.
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