What are the best ways to report cryptocurrency transactions on my taxes with H&R Block?

1 answers

• Dec 15, 2021 · 3 years ago
  At BYDFi, we recommend using H&R Block's tax software to report your cryptocurrency transactions. Their software is user-friendly and can help you accurately calculate your gains and losses. To get started, you'll need to gather all your transaction data, including dates, amounts, and the fair market value of the cryptocurrency at the time of the transaction. H&R Block's software will guide you through the process of reporting your cryptocurrency transactions and ensure you're in compliance with tax regulations. Remember, it's important to keep accurate records and consult with a tax professional if you have any questions or concerns about reporting your cryptocurrency transactions on your taxes.
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