How do I report my cryptocurrency earnings with TurboTax?

1 answers

• May 16, 2022 · 3 years ago
  Reporting your cryptocurrency earnings with TurboTax is a breeze! Just follow these simple steps: 1. Organize all your cryptocurrency transaction records, including buy/sell orders, trades, and transfers. 2. Open TurboTax and create a new tax return. 3. Look for the section that covers investment income reporting. 4. Enter the details of each cryptocurrency transaction, such as the date, type, and amount. 5. TurboTax will automatically calculate the gains or losses based on the market value at the time of the transaction. 6. Repeat the process for all your cryptocurrency transactions. 7. Take a moment to review the accuracy of the information you've entered. 8. When you're ready, submit your tax return and relax knowing you've reported your cryptocurrency earnings correctly. If you have any further questions, feel free to reach out to TurboTax support for assistance.
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