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April 26, 2025
Question

Crypto Futures Trading

  • April 26, 2025
  • 1 reply
  • 0 views

Hi,

how do I fill my Crypto Futures Trading in Turbotax?

I already have all the Koinly reports, I just don't know where to input the Futures trading properly.

The spot trading was entered as Capital Gains,
the futures trading maybe in Other Income?
But, the thing is, I have a loss in my future trading, and it does not let me enter a negative value.
So what now?

Thanks a lot!

1 reply

mandeepk
April 30, 2025

This is going to depend on the classification of the income.

 

Here are some links to addition resources that might be of help to you: 

A Guide to Cryptocurrency and NFT Tax Rules

Your Crypto Tax Guide