What are the steps to file a 1099 form for cryptocurrency income on TurboTax?

1 answers

• May 05, 2022 · 3 years ago
  Filing a 1099 form for cryptocurrency income on TurboTax is a breeze! Just follow these steps: 1. Gather all your cryptocurrency income records, including transaction details and amounts. 2. Log in to your TurboTax account and select the option to file a 1099 form. 3. Enter your personal information and choose the tax year you're filing for. 4. Provide the necessary information about your cryptocurrency income, such as the type of cryptocurrency, the date of acquisition, and the amount received. 5. TurboTax will automatically calculate the taxable amount based on the information provided. 6. Review the details and make any necessary adjustments. 7. Electronically submit the completed 1099 form to the IRS. That's it! You're all set with filing your 1099 form for cryptocurrency income on TurboTax. If you need any further assistance, feel free to consult TurboTax's customer support team.
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