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posted Jun 15, 2021 8:15:21 PM

Cryptocurrency question as in Title, and also: If I sell 0.5 bitcoin for 30000 CAD I put # of units for shares or face value is 0.5 or 30000?

Confused when reporting my cryptocurrency

What to put for Maturity date?
Year of acquisition = the year It bought?
Date of disposition = the date it sold?

If I sell 0.5 bitcoin for 30000 CAD
I put # of units for shares or face value is 0.5 or 30000?

0 1 288
1 Replies
Level 5
Dec 13, 2021 6:49:59 AM

Please check our TurboTax FAQ: How do I report the sale of cryptocurrency on my taxes?

Maturity date is for bond transactions. Because you are selling cryptocurrency, this question doesn’t apply, and you can leave it blank.

You are correct about year of acquisition and date of disposition.

If you sold less than 1 unit of the currency, leave the # of units for shares or face value field blank. It's not required.

 

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