What are the steps to add form 8949 for digital currency trades in TurboTax Deluxe?

1 answers

• Sunil Kumar KSJun 21, 2024 · a year ago
  Absolutely! Here's a step-by-step guide on how to add form 8949 for digital currency trades in TurboTax Deluxe: 1. Open TurboTax Deluxe and navigate to the 'Federal Taxes' section. 2. Select 'Wages & Income' and then choose 'Investment Income'. 3. Click on 'Stocks, Mutual Funds, Bonds, Other' and then select 'Start' next to it. 4. On the 'Let's Work on the Stocks, Mutual Funds, Bonds, Other' page, click on 'Yes' for 'Did you sell any investments in 2021?'. 5. Scroll down and select 'Start' next to 'Stocks, Mutual Funds, Bonds, Other' again. 6. On the 'Your 1099-B' page, choose 'I'll enter the info myself' and continue. 7. Enter the necessary details for your digital currency trades, including the sale date, proceeds, cost basis, and any adjustments. 8. Follow the prompts to complete form 8949 for your digital currency trades. I hope this helps! If you have any further questions, feel free to ask.
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