How does TurboTax Deluxe 1099-B handle reporting of cryptocurrency investments?

3 answers

• Mar 06, 2022 · 3 years ago
  TurboTax Deluxe 1099-B is designed to handle the reporting of cryptocurrency investments. When you import your 1099-B form into TurboTax Deluxe, it will automatically populate the necessary fields for reporting your cryptocurrency investments. You just need to ensure that you have accurately entered the information from your cryptocurrency exchanges and wallets into the 1099-B form. TurboTax Deluxe will then calculate your capital gains or losses based on the information provided.
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• Mar 06, 2022 · 3 years ago
  Reporting cryptocurrency investments with TurboTax Deluxe 1099-B is a straightforward process. Once you have imported your 1099-B form, you will need to review the information and make any necessary adjustments. TurboTax Deluxe will guide you through the process and provide explanations for each step. It's important to ensure that you have accurate and complete records of your cryptocurrency transactions to ensure accurate reporting.
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• Mar 06, 2022 · 3 years ago
  As an expert in the field, I can assure you that TurboTax Deluxe 1099-B is a reliable tool for reporting cryptocurrency investments. It simplifies the process by automatically populating the necessary fields and calculating your capital gains or losses. Just make sure to carefully review the imported information and make any necessary adjustments. If you have any specific questions or concerns, feel free to ask.
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