What is the IRS form 8949 code M and how does it relate to cryptocurrency transactions?

7 answers

• English MasseyDec 18, 2025 · 2 months ago
  Sure! The IRS form 8949 code M is used to report cryptocurrency transactions involving a sale or exchange. This form is specifically for reporting transactions where you received a 1099-B or 1099-S form. Code M is used to indicate that you received a 1099-B form for your cryptocurrency transactions. It's important to accurately report your crypto activities to the IRS to ensure compliance with tax regulations.
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• asadowSep 20, 2021 · 4 years ago
  The IRS form 8949 code M is related to cryptocurrency transactions because it is used to report sales or exchanges of cryptocurrencies. If you received a 1099-B form for your crypto activities, you would use code M on form 8949 to indicate this. It's crucial to report your crypto transactions correctly to avoid any potential issues with the IRS.
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• Ebbesen BagerApr 04, 2023 · 3 years ago
  The IRS form 8949 code M is part of the reporting process for cryptocurrency transactions. It is used when you receive a 1099-B form for your crypto activities. By using code M on form 8949, you are indicating that you received a 1099-B form. Remember to accurately report your cryptocurrency transactions to comply with IRS regulations.
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• Marilexy GuerreroSep 24, 2023 · 2 years ago
  The IRS form 8949 code M is a way to report cryptocurrency transactions involving a sale or exchange. If you received a 1099-B form for your crypto activities, you would use code M on form 8949 to indicate this. Accurately reporting your crypto transactions is important to stay in compliance with tax laws.
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• ShwanJul 24, 2024 · 2 years ago
  The IRS form 8949 code M is used to report cryptocurrency transactions when you have received a 1099-B form. By using code M on form 8949, you are indicating that you received a 1099-B form for your crypto activities. It's crucial to report your crypto transactions accurately to avoid any potential issues with the IRS.
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• KO KFeb 01, 2021 · 5 years ago
  The IRS form 8949 code M is an important form for reporting cryptocurrency transactions. When you receive a 1099-B form for your crypto activities, you would use code M on form 8949 to indicate this. Accurate reporting of your crypto transactions is essential to comply with IRS regulations.
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• AlekhyaJun 04, 2022 · 4 years ago
  The IRS form 8949 code M is used to report cryptocurrency transactions involving a sale or exchange. If you received a 1099-B form for your crypto activities, you would use code M on form 8949 to indicate this. Remember to accurately report your crypto transactions to ensure compliance with tax laws.
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