Is it possible to file a w9 on turbotax with bitcoin or other cryptocurrencies?

3 answers

• May 01, 2022 · 3 years ago
  Yes, it is possible to file a w9 on turbotax with bitcoin or other cryptocurrencies. Turbotax accepts various payment methods, including cryptocurrencies. You can select the cryptocurrency option during the payment process and follow the instructions to complete the transaction. Make sure to accurately report your income and any cryptocurrency transactions on your w9 form.
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• May 01, 2022 · 3 years ago
  Unfortunately, turbotax does not currently support the direct use of bitcoin or other cryptocurrencies to file a w9. You will need to convert your cryptocurrencies into a supported payment method, such as USD, before making the payment on turbotax. Keep in mind that you still need to report your cryptocurrency transactions and income on your w9 form.
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• May 01, 2022 · 3 years ago
  As an expert from BYDFi, I can confirm that turbotax does not directly accept bitcoin or other cryptocurrencies for filing a w9. However, you can use a third-party service to convert your cryptocurrencies into a supported payment method and then make the payment on turbotax. Remember to accurately report your cryptocurrency transactions and income on your w9 form to comply with tax regulations.
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