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N
nemchan
March 12, 2021
Question

Which forms do I use to report the buying and selling of a single share of grayscale bitcoin trust on the same day on my taxes?

  • March 12, 2021
  • 1 reply
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1 reply

D
DavidD66
March 12, 2021

Reporting cryptocurrency is similar to reporting a stock sale. You'll need to report your cryptocurrency if you sold, exchanged, spent or converted it. When it comes to hard forks and airdrops, you only have taxable income if it results new cryptocurrency.  For more information, and instructions on how to report the sale in TurboTax, see;  

 

How do I report Bitcoin or other cryptocurrency as a capital gain?

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