What are the adjustment codes for reporting cryptocurrency transactions on TurboTax form 8949?

3 answers

• JoloJun 01, 2025 · 3 months ago
  Sure! When reporting cryptocurrency transactions on TurboTax form 8949, you may need to use adjustment codes to accurately reflect any adjustments that need to be made. Some common adjustment codes include: 1. A - Short-term transaction reported on Form 8949 2. B - Long-term transaction reported on Form 8949 3. C - Short-term transaction not reported to the IRS 4. D - Long-term transaction not reported to the IRS 5. E - Short-term transaction with basis reported to the IRS 6. F - Long-term transaction with basis reported to the IRS These adjustment codes help categorize your transactions and ensure that they are reported correctly. It's important to consult the official IRS guidelines and instructions for TurboTax form 8949 to determine the appropriate adjustment codes for your specific transactions.
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• Mohamed ElkhtiarDec 12, 2021 · 4 years ago
  No worries! When it comes to reporting cryptocurrency transactions on TurboTax form 8949, you'll need to use adjustment codes to accurately report any necessary adjustments. Here are a few adjustment codes that you might come across: 1. A - Short-term transaction reported on Form 8949 2. B - Long-term transaction reported on Form 8949 3. C - Short-term transaction not reported to the IRS 4. D - Long-term transaction not reported to the IRS 5. E - Short-term transaction with basis reported to the IRS 6. F - Long-term transaction with basis reported to the IRS Make sure to refer to the official IRS guidelines and instructions for TurboTax form 8949 to determine the appropriate adjustment codes for your specific transactions. Happy reporting!
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• ahbiAug 01, 2020 · 5 years ago
  Certainly! When it comes to reporting cryptocurrency transactions on TurboTax form 8949, you'll need to use adjustment codes to accurately report any necessary adjustments. Here are a few adjustment codes that you should be aware of: 1. A - Short-term transaction reported on Form 8949 2. B - Long-term transaction reported on Form 8949 3. C - Short-term transaction not reported to the IRS 4. D - Long-term transaction not reported to the IRS 5. E - Short-term transaction with basis reported to the IRS 6. F - Long-term transaction with basis reported to the IRS Remember to consult the official IRS guidelines and instructions for TurboTax form 8949 to determine the appropriate adjustment codes for your specific transactions. If you have any further questions, feel free to ask!
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