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Cattrans
September 10, 2022
Question

I had lost only -$69 for a coin sale. Turbo tax wants me to upgrade for $89.00 to report on schedule D. Do I have to report it?

  • September 10, 2022
  • 2 replies
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2 replies

Critter-3
Critter-3
September 10, 2022

All sales should be reported   which means an upgrade if you use the TT program .... However if your AGI is $73K or less please use one of the totally free options thru the IRS FREE FILE system ...

https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free

    M
    Mike9241
    September 10, 2022

    is your coin activity a hobby? if so see this link

    https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/hobby-loss-rule-for-multiple-types-of-collectables/00/966048 

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