How can I use turbotax software to calculate my capital gains from cryptocurrency investments in 2017?

1 answers

• Cait Lorenzo-MahonAug 18, 2024 · a year ago
  Using turbotax software to calculate your capital gains from cryptocurrency investments in 2017 is a smart move. Here's what you need to do: 1. Open turbotax software and create a new tax return for the year 2017. 2. Look for the section related to investment income or capital gains and losses. 3. Enter the necessary details about your cryptocurrency investments, including the purchase date, purchase price, and sale date (if applicable). 4. Repeat step 3 for each cryptocurrency investment you made in 2017. 5. Turbotax will automatically calculate your capital gains or losses based on the information provided. 6. Double-check the calculated amounts to ensure accuracy. 7. Proceed with filing your tax return, including the calculated capital gains from your cryptocurrency investments. Remember, turbotax is designed to simplify the tax filing process, but it's always a good idea to consult with a tax professional if you have complex investment scenarios or specific questions about your tax situation.
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