Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
CanadaEnglishEN

Pick a language

CanadaFrançais United States of AmericaEnglish
cancel
Showing results for 
Search instead for 
Did you mean: 
TurboTax Support
Intuit

How do I report the sale of cryptocurrency on my taxes?

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):

  1. Select Find (or the magnifying glass icon).
  2. In the Find window, type capital gains and select Go.
  3. On the Your Capital Gains Profile screen, check the option Sold stocks and then select Continue.
  4. On the Capital Gains screen, enter your amounts and select Continue.

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.

Related information:

How Bitcoins Might Impact Your Income Taxes

CRA: Digital Currency

Was this helpful?

You must sign in to vote, reply, or post
Intuit TurboTax - Finish filing and get your maximum refund, guaranteed.

Returning? Sign in
v