What are the steps to file crypto taxes on TurboTax?

1 answers

• RickapsicumAug 24, 2020 · 5 years ago
  Absolutely! Here's a step-by-step guide to help you file your crypto taxes using TurboTax: 1. Collect all your crypto transaction records, such as trades, purchases, and sales. 2. Calculate the capital gains or losses for each transaction. 3. Import your transaction data into TurboTax's cryptocurrency tax support feature. 4. Review the imported data and make any necessary adjustments. 5. Complete the rest of your tax return, including other sources of income and deductions. 6. Double-check all the information to ensure accuracy. 7. Electronically file your tax return through TurboTax. By following these steps, you can easily file your crypto taxes on TurboTax and stay compliant with the tax regulations.
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