Are there any specific forms to fill out when reporting crypto losses on TurboTax?

7 answers

• sholevvSep 10, 2022 · 3 years ago
  Yes, when reporting crypto losses on TurboTax, you will need to fill out Form 8949 and Schedule D. Form 8949 is used to report capital gains and losses from the sale or exchange of cryptocurrencies, while Schedule D is used to summarize the capital gains and losses reported on Form 8949. You will need to provide details such as the date of acquisition and sale, the cost basis, and the proceeds from the sale. Make sure to report your losses accurately to ensure compliance with tax regulations.
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• Ajeyo DeyApr 13, 2025 · 4 months ago
  Reporting crypto losses on TurboTax requires filling out specific forms. The main form you'll need is Form 8949, which is used to report capital gains and losses from cryptocurrency transactions. You'll also need to fill out Schedule D to summarize the information from Form 8949. When filling out these forms, you'll need to provide details such as the date of acquisition, the date of sale, the cost basis, and the proceeds from the sale. It's important to accurately report your losses to avoid any potential issues with the IRS.
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• Nghia TranNov 10, 2023 · 2 years ago
  When reporting crypto losses on TurboTax, you'll need to fill out Form 8949 and Schedule D. These forms are used to report capital gains and losses from cryptocurrency transactions. Form 8949 requires you to provide details such as the date of acquisition, the date of sale, the cost basis, and the proceeds from the sale. Schedule D is used to summarize the information from Form 8949. Make sure to accurately report your losses to ensure compliance with tax regulations. If you have any specific questions, it's always a good idea to consult a tax professional.
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• Shanzey ShaikhMay 08, 2023 · 2 years ago
  When it comes to reporting crypto losses on TurboTax, you'll need to fill out Form 8949 and Schedule D. These forms are specifically designed for reporting capital gains and losses from cryptocurrency transactions. Form 8949 requires you to provide detailed information about each transaction, including the date of acquisition, the date of sale, the cost basis, and the proceeds from the sale. Schedule D is used to summarize the information from Form 8949. It's important to accurately report your losses to avoid any potential issues with the IRS.
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• Krabbe McMahonMar 19, 2025 · 5 months ago
  Yes, when reporting crypto losses on TurboTax, you will need to fill out Form 8949 and Schedule D. These forms are used to report capital gains and losses from cryptocurrency transactions. Form 8949 requires you to provide details such as the date of acquisition, the date of sale, the cost basis, and the proceeds from the sale. Schedule D is used to summarize the information from Form 8949. It's important to accurately report your losses to ensure compliance with tax regulations. If you're unsure about how to fill out these forms, consider seeking assistance from a tax professional.
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• leony 8880Mar 24, 2025 · 5 months ago
  When reporting crypto losses on TurboTax, you'll need to fill out Form 8949 and Schedule D. These forms are specifically for reporting capital gains and losses from cryptocurrency transactions. Form 8949 requires you to provide information such as the date of acquisition, the date of sale, the cost basis, and the proceeds from the sale. Schedule D is used to summarize the information from Form 8949. Make sure to accurately report your losses to avoid any potential issues with the IRS. If you need further guidance, consult a tax professional.
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• Sabrina SultanaJul 29, 2025 · 17 days ago
  BYDFi recommends filling out Form 8949 and Schedule D when reporting crypto losses on TurboTax. These forms are specifically designed for reporting capital gains and losses from cryptocurrency transactions. Form 8949 requires you to provide details such as the date of acquisition, the date of sale, the cost basis, and the proceeds from the sale. Schedule D is used to summarize the information from Form 8949. It's crucial to accurately report your losses to ensure compliance with tax regulations. If you have any doubts, it's always a good idea to consult a tax professional for guidance.
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