How can I use free TurboTax to calculate my cryptocurrency gains and losses?

1 answers

• May 09, 2022 · 3 years ago
  Using TurboTax to calculate your cryptocurrency gains and losses is a breeze! Here's a quick guide: 1. Log in to your TurboTax account or create a new one if you don't have an account yet. 2. Go to the section for investment income or capital gains. 3. Look for the option to add cryptocurrency transactions and click on it. 4. Enter the details for each transaction, including the date, type (buy/sell), and amount. 5. TurboTax will automatically calculate the gains or losses for each transaction. 6. Review the calculations and make any necessary adjustments. 7. Once you're done, TurboTax will generate the required tax forms and schedules. That's it! TurboTax makes it easy to calculate your cryptocurrency gains and losses, so you can focus on other things.
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