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Cryptocurrency transactions popping up under two tabs

Forum|Forum|7 years ago
March 6, 2019
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I have turbotax permier (doing taxes online on the website)

I added all of my cryptocurrency transactions under the "Cryptocurrency" tab (which is under "Wages and Income" tab on the "FEDERAL" section page. After adding the transactions, I have noticed that the cryptocurrency transactions are showing up both under the "cryptocurrency" tab as well as the "Stocks, mutual funds, bonds, other" tab. Just wanted to ask if this is normal? I had losses in cryptocurrency trading last year so want to make sure I don't end up filing it as a duplicate loss. Picture attached for review (COINBASE & BINANCE are cryptocurrency exchanges which I used for trading).

Best answer by IsabellaG

Yes, that is normal. The page you are looking at is a summary of the various transactions that make up your return, but the Cryptocurrency line is just a part of the Stocks, Mutual Funds, Bonds, Other line, in case you had other investments that you sold. This is not a duplication on your tax return.

IsabellaGAnswer

Yes, that is normal. The page you are looking at is a summary of the various transactions that make up your return, but the Cryptocurrency line is just a part of the Stocks, Mutual Funds, Bonds, Other line, in case you had other investments that you sold. This is not a duplication on your tax return.

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