crypto currency gains reporting

I have some crypto gains from webull and they do provide a form, but it is unclear to me what to do with this form.

I am using turbotax.

Am I able to report crypto gains in the same way as FX gains, as a lump sum under Misc Income or do special rules apply?

Thanks for your help.
 
https://www.benzinga.com/money/cryptocurrency-taxes/
In the U.S., crypto transactions are treated the similar to stock transactions with short- and/or long-term capital gains.
If you use tax software or an online tax service, like TurboTax, the software or web app will walk you through the process and will ask you if you’ve had any investment income. Answer the questions accurately and the software or web app will automatically place your losses or gains on Schedule D of your electronic return.
...
Recent guidance from the IRS makes the tax treatment of cryptocurrencies substantially similar to the tax treatment of stocks in a standard investment account.
 
Back
Top