Is there a guide or tutorial available for reporting crypto on TurboTax?

1 answers

• Dec 18, 2021 · 3 years ago
  Hey there! Reporting crypto on TurboTax is not as complicated as it may seem. Here's a quick guide to help you out: 1. Gather all your cryptocurrency transaction records, including buy/sell orders, transfers, and any other relevant information. 2. Open TurboTax and navigate to the section for reporting investment income. 3. Look for the option to add cryptocurrency transactions and click on it. 4. Enter the details of each transaction, such as the date, type (buy/sell/transfer), amount, and cost basis. 5. Repeat the process for each transaction. 6. Double-check all the information you've entered to ensure accuracy. 7. Review your tax return before filing to make sure everything is correct. Remember, if you have any specific questions or concerns, it's always a good idea to consult with a tax professional or reach out to TurboTax's support team. Best of luck with your taxes!
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