Most people who have bought and sold cryptocurrency (such as Bitcoin, Litecoin, Ripple, Ethereum, or Monero) are trading it as an investment.
If you're trading digital currency as an investment, any gains (or losses) are reported on your tax return as a capital gain (or loss), just like stocks or gold.
Here's how you enter your capital gains (or losses):
Note: If, like many cryptocurrency investors, you sold less than 1 unit of the currency, leave the # of units for shares or face value field blank. It's not required.
For more information, please see:
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