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wjsmithful
Returning Member

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

 
1 Reply

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

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.