Where do I enter cryptocurrency held for investment?
Menu Path: Income > Common Income > Investments and Savings (1099-INT/DIV/B/DA)
Enter your cryptocurrency investment information on the Your Investment and Savings Accounts screen. Entering crypto investment sales will generate Schedule D on your tax return.
If the wallet or exchange you used provided a Form 1099-DA or consolidated 1099, enter the information from the 1099-DA or consolidated 1099 into the software.
If you weren't provided a Form 1099-DA or consolidated 1099, you can either:
Use your crypto transaction history from your wallet or exchange to enter your sales.
OR
Use a crypto tax service to generate a Form 8949 of your crypto transactions. You can then enter the sales from your Form 8949 into our software.
Note: If you choose to report a summary of your transactions, you can send the Form 8949 your crypto tax service created as your summary statement.