Skip to main content
Level 3
August 2, 2026
Question

How to change asset holding period from short term to long term?

  • August 2, 2026
  • 1 reply
  • 24 views

Over the last five years the taxpayer was investing in crypto through different platforms, but never sold any crypto. He kept transferring  from platform to platform but did not sell anything. In 2025 he sold all crypto and the platform incorrectly reported these sales to the IRS as “short term”. How can I correct the holding period?

1 reply

PhoebeRoberts
Intuit Community Champion
August 3, 2026

There’s a checkbox at the bottom of the Sch D section of the Dispositions screen: 1099-B box 2 or 1099-DA box 6, type of gain or loss reported incorrectly. Enter it as long-term and check that box.