How can I enter 1099-K information on TurboTax for cryptocurrency transactions?

1 answers

• Tin SopićAug 11, 2024 · a year ago
  Entering 1099-K information on TurboTax for cryptocurrency transactions is a breeze! Just follow these steps: 1. Log in to your TurboTax account and find the section for reporting income. 2. Look for the option to add a 1099-K form and select it. 3. Enter the total amount from your 1099-K form in the appropriate field. 4. TurboTax will prompt you to provide additional details about your cryptocurrency transactions, such as the type of cryptocurrency and the date of the transactions. 5. Fill in the necessary information for each transaction and proceed to the next step. 6. Review all the information you've entered and make any necessary adjustments. 7. When you're satisfied with the accuracy of your entries, submit your tax return and let TurboTax take care of the rest. That's all there is to it! If you have any more questions, feel free to ask.
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