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Level 2
March 8, 2022
Question

Does anyone know how to enter crypto airdrop transactions on proconnect?

  • March 8, 2022
  • 2 replies
  • 8 views
I've asked the agents and they told me proconnect doesn't support foreign transactions, whatever that means.
This topic has been closed for replies.

2 replies

PhoebeRoberts
Intuit Community Champion
March 8, 2022

Where would you like the transactions to appear on the return?

Level 2
March 8, 2022

Dealers' choice in where they can be reported? I understand that crypto transactions are on Sch D but for Airdrops and wallets I'm uncertain. But i wasn't aware that i can choose where i can report it, when did this go into effect?

sjrcpa
Level 15
March 8, 2022

That's not what Phoebe meant.

Sometimes the best way to find out how to enter something in the software is to look at where it should end up on the forms and work backwards.

The more I know the more I don’t know.
qbteachmt
Level 15
March 8, 2022

Airdrop is Other Taxable Income (Schedule 1) valued on that date. They got the coin for free.

Wallet is how it is held. Not the event that put it here.

Don't yell at us; we're volunteers