Skip to main content
June 4, 2019
Solved

Can someone explain how they filed their bitcoin gains?

  • June 4, 2019
  • 1 reply
  • 0 views
No text available
Best answer by CarolynM

Here is how to enter in TurboTax:

Income and Expenses

Scroll to Investment Income 

Click show more

Select Stocks, Mutual Funds, Bonds, Other

Did you sell any investments in 2017? click "yes"

Did you get a 1099-B or a brokerage statement for these sales? click "no"

Choose the type of investment you sold, check "everything else" and "continue" 

Describe as cryptocurrency, add profits and date of sale

For more information:  Taxes on Cryptocurrency


1 reply

CarolynMAnswer
Employee
June 4, 2019

Here is how to enter in TurboTax:

Income and Expenses

Scroll to Investment Income 

Click show more

Select Stocks, Mutual Funds, Bonds, Other

Did you sell any investments in 2017? click "yes"

Did you get a 1099-B or a brokerage statement for these sales? click "no"

Choose the type of investment you sold, check "everything else" and "continue" 

Describe as cryptocurrency, add profits and date of sale

For more information:  Taxes on Cryptocurrency