What information do I need to enter my crypto trades into TurboTax Desktop?

3 answers

• IlTettaJan 17, 2021 · 5 years ago
  To enter your crypto trades into TurboTax Desktop, you'll need the following information for each trade: 1. Date and time of the trade 2. Type of cryptocurrency bought or sold 3. Quantity of cryptocurrency bought or sold 4. Purchase price or sale price per unit 5. Transaction fees paid Make sure to have accurate records of your trades, including any transactions made on different exchanges. TurboTax will use this information to calculate your capital gains or losses for tax purposes.
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• pavan kalyanJul 18, 2024 · 2 years ago
  When entering your crypto trades into TurboTax Desktop, you'll need to provide the date and time of each trade, the type and quantity of cryptocurrency bought or sold, the purchase price or sale price per unit, and any transaction fees paid. It's important to keep accurate records of your trades, including details of transactions on different exchanges. TurboTax will use this information to accurately calculate your capital gains or losses for tax reporting.
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• Anime L.VJul 28, 2024 · 2 years ago
  When it comes to entering your crypto trades into TurboTax Desktop, you'll need to gather some key information. This includes the date and time of each trade, the specific cryptocurrency involved, the quantity bought or sold, the purchase price or sale price per unit, and any transaction fees paid. It's crucial to maintain accurate records of your trades, especially if you've used multiple exchanges. TurboTax will use this data to calculate your capital gains or losses for tax purposes. Happy filing!
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