Robinhood sent me a 1099-B for the cryptocurrency (bitcoin) separately from the 1099-B for stocks. Robinhood also provides a CSV file containing the bitcoin transactions. TurboTax Online lets us add 1099-B forms and also has a separate section for cryptocurrency that only accepts the Robinhood's CSV file (and doesn't ask for the cryptocurrency 1099-B form).
Which one of these two options should we use? Using them both would double count them.
(a) Should I enter the 1099-B for cryptocurrency as just another 1099-B form and leave the TurboTax's cryptocurrency section empty?
or
(b) Should I not add my cryptocurrency 1099-B form and just use TurboTax's cryptocurrency section that only uses the CSV file containing transactions?
Thanks for you help!
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Choose the one that is easier for you to enter into TurboTax. The impact on your taxable income will be the same regardless of which one you use.
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