What are the common form 8949 adjustment codes for cryptocurrency transactions?

1 answers

• AbhijitpundApr 11, 2024 · a year ago
  Ah, the common form 8949 adjustment codes for cryptocurrency transactions. Let me break it down for you: - Code A: Short-term gain or loss - Code B: Long-term gain or loss - Code C: Short-term gain or loss with cost basis not reported to the IRS - Code D: Long-term gain or loss with cost basis not reported to the IRS - Code E: Short-term gain or loss with cost basis reported to the IRS - Code F: Long-term gain or loss with cost basis reported to the IRS Remember, it's crucial to accurately report your cryptocurrency transactions on form 8949 to avoid any potential issues with the IRS. If you have any further questions, feel free to ask!
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