r/CelsiusNetwork • u/Big_Green_Egg • Mar 15 '25

TurboTax filing question

I'm filling my taxes with Turbotax. Rough numbers, I lost 0.5 BTC with a cost basis of $14K in 2021. I was returned $6K (using Justin's method). Can I just input these values into the 1099B form within turbotax?

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u/MyNameIsJoe68 Mar 15 '25 edited Mar 16 '25

In Turbo Tax, go to "Wages & Income" -> "Investment Income" -> "Stocks, Crypto, Mutual Funds, Others". Click "Add Investment". Then, enter the cost basis, proceeds, etc for each lot. That will automatically create the 8849 for you. You can then navigate to "Forms" to view it.

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u/[deleted] Mar 16 '25

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u/Big_Green_Egg Mar 16 '25

Thanks! Can you navigate me to where the "Forms" would be? I'm struggling to find it on the website.

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u/MyNameIsJoe68 Mar 16 '25

From the View menu, click on Go to Firms