How can I use turbotax to report my cryptocurrency gains and losses?

1 answers

• May 15, 2022 · 3 years ago
  As an expert at BYDFi, I can provide you with some guidance on using turbotax to report your cryptocurrency gains and losses. Here's what you need to do: 1. Launch turbotax and create a new tax return. 2. Fill in your personal details and income information. 3. When you come across the section for reporting investment income, select the option for cryptocurrency gains and losses. 4. Enter the details of 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 information and make any necessary adjustments. 7. Once you're satisfied, submit your tax return. I hope this helps! If you have any more questions, feel free to ask.
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