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March 9, 2025
Question

UNDETERMINED TERM TRANSACTIONS FOR NONCOVERED TAX LOTS

  • March 9, 2025
  • 1 reply
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My Robinhood 1099 has this Undermind term crypto transaction. I have Coin ledger that has the date Acquistion etc. one transaction in form is mixed sort-term and long-term capital gains. how do i handle this in turbotax. 1) do i correct robinhood 1099 and split the transaction to accuratly report or remove 1099 import from robinhood and use the import from coinledger?

    1 reply

    March 17, 2025

    It can be problematic deleting/correcting one transaction of imported data.  However, If you delete your import, then re-import answering the question 'did you purchase all of the xxx?' with NO, TurboTax will let you address each transaction separately, so you can correct/delete individual ones. 

     

    You could then make two manual entries for that transaction, as you suggested.

     

    Here's more info on Edit or Delete Imported Data

     

    @patel21