crypto currency gains reporting

Discussion in 'Taxes and Accounting' started by fusiforme, Apr 12, 2022.

  1. I have some crypto gains from webull and they do provide a form, but it is unclear to me what to do with this form.

    I am using turbotax.

    Am I able to report crypto gains in the same way as FX gains, as a lump sum under Misc Income or do special rules apply?

    Thanks for your help.
     
    murray t turtle likes this.
  2. ph1l

    ph1l

    https://www.benzinga.com/money/cryptocurrency-taxes/
    In the U.S., crypto transactions are treated the similar to stock transactions with short- and/or long-term capital gains.
     
    murray t turtle and fusiforme like this.