Are there any specific guidelines for reporting ICO investments on form 8949?

3 answers

• vz8Jul 12, 2025 · 7 months ago
  When reporting investments in ICOs on form 8949, it is important to follow the guidelines set by the Internal Revenue Service (IRS). The IRS treats cryptocurrencies, including ICOs, as property for tax purposes. Therefore, when you sell or exchange ICO tokens, you may be subject to capital gains tax. To report ICO investments on form 8949, you need to provide the date of acquisition, the date of sale or exchange, the cost basis, the proceeds, and the resulting gain or loss. It is recommended to consult a tax professional or refer to the IRS guidelines for more specific instructions.
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• john doeJun 03, 2023 · 3 years ago
  Reporting ICO investments on form 8949 can be a bit confusing, but there are some general guidelines you can follow. First, make sure you have accurate records of your ICO transactions, including the date of acquisition, the date of sale or exchange, and the cost basis. Next, calculate the proceeds from the sale or exchange and determine the resulting gain or loss. Finally, report the details of your ICO investments on form 8949, including the relevant dates, amounts, and any applicable gain or loss. If you're unsure about how to report your ICO investments, it's always a good idea to consult with a tax professional.
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• Dawson HooverFeb 16, 2024 · 2 years ago
  As a representative of BYDFi, I can provide some insights into reporting ICO investments on form 8949. When it comes to reporting ICO investments, it's important to keep accurate records of your transactions. This includes the date of acquisition, the date of sale or exchange, the cost basis, and the proceeds. You should also calculate the resulting gain or loss from each transaction. When reporting on form 8949, make sure to include all the necessary details and follow the guidelines provided by the IRS. If you have any specific questions or need further assistance, feel free to reach out to our team at BYDFi.
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