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March 15, 2021
Question

Do i need to enter "date sold" and "Proceeds" for a bitcoin purchase?

  • March 15, 2021
  • 1 reply
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to manually enter each crypto transaction, it asked for date purchased and date sold, do i need to enter "date sold" and "proceeds" if this is a purchase?

1 reply

March 15, 2021

No.  You do not have to report the purchase of crypto currency (including bitcoin).  You will have to report the purchase date and cost when you dispose of the crypto currency.

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