Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Oct 30, 2019 6:13:09 AM

I cashed in some bitcoin for a small amount of capitol gain. How do I report this?

0 1 443
1 Replies
Level 13
Oct 30, 2019 6:13:11 AM

BITCOIN entry on the online version - You would treat it as a Capital Gain.  This is found under the "Income" Tab - drop down menu to "Investments" and start there.

Your Capital Gains Profile for 2017 - checkSold stocks, bonds, real estate, other capital property, or sold qualified small business corporation shares and/or qualified farm property and you have a capital gain or loss to report
Click continue
Capital Gains - Type of capital property disposed of - select - Mutual fund/publicly traded shares/stocks. And continue on from there.