What are the steps to update TurboTax for reporting gains and losses from cryptocurrency trading?

1 answers

• Mar 19, 2022 · 3 years ago
  Updating TurboTax for reporting gains and losses from cryptocurrency trading is a piece of cake. Just follow these steps: 1. Open TurboTax and find the section for investment income and expenses. 2. Look for the option to add or import investment transactions. 3. Select the option to import transactions from your cryptocurrency exchange. 4. Connect your exchange account and import your transaction history. 5. Review the imported transactions and make any necessary adjustments. 6. Continue with the rest of your tax return, ensuring that you accurately report your gains and losses from cryptocurrency trading. That's it! By following these steps, you'll have TurboTax updated and ready to handle your cryptocurrency gains and losses.
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