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How To Do Your Crypto Taxes With TurboTax (2023 Edition) - CoinLedger
How to report crypto on TurboTax Desktop � Open TurboTax desktop and navigate to File > Import > From Accounting Software � Select Other Financial. How to Report Cryptocurrency Mining � Hobby income is reported as �Other Income� on Line 21 of Form Any expenses must be reported as itemized deductions. Log in to TurboTax and go to your tax return. In the top menu, select file. Select import. Select upload crypto sales. Under what's the name of.

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Assets you held for a year or less typically fall under short-term capital gains or losses and those you held for longer than a year are counted as long-term capital gains and losses. You may also need to report this activity on Form in the event information reported on Forms B needs to be reconciled with the amounts reported on your Schedule D. Prices are subject to change without notice.

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