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What will be the type of investment on buying and selling of virtual currency ? It is stock or something else ?
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To enter sales of crypotocurrency (capital assets) will require the Premier version or better if you use the online version ... or any of the downloaded versions.
Follow these steps in the Premier Edition:
1. Click on the Federal tab.
2. Click on Wages and Income.
3. Click on Investment Income.
4. You'll list each trade/sale in the Stocks, Mutual funds, Bonds, Other interview
5. “Did you get a 1099-B or a brokerage statement for these sales?” Click on “No”
6. “Choose the type of investment you sold” Click on Everything else
7. Translate proceeds of each sale into US dollars at the time of the sale.
8. Repeat for each gain/loss.
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