What all documentation or statements i need to submit my cryptocurrency investments so that i can use Turbotax to submit my taxes

[vd1]

Just want to know more on how to show my crypto currency investments for year 2017. i did buy some cryptocurrencies, some sold in 2017 and some still carried over and holding. how do i show the transactions etc. how to show my crypto investments ?

[TurboTaxLise]

You would claim them on you taxes as a capital gain – under stocks, just like a trade.

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 - check - Sold 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.

Here is a link from Turbo Tax on Bitcoin for more information:

https://turbotax.intuit.ca/tips/how-bitcoins-might-impact-your-income-taxes-333

Another link to help you understand Bitcoin from the CRA – please take the time to review these link to learn more about this ever growing trend within our international markets.

Digital currency:

https://www.canada.ca/en/financial-consumer-agency/services/payment/digital-currency.html