What is the process of adding crypto in TurboTax?

3 answers

• Deeksha KesharwaniOct 31, 2023 · 2 years ago
  Sure! Adding cryptocurrency transactions in TurboTax is a straightforward process. First, open TurboTax and navigate to the section for investment income. Then, select the option to add a new investment. Next, choose the type of cryptocurrency you want to add and enter the relevant details, such as the date of acquisition, purchase price, and sale price. TurboTax will automatically calculate the capital gains or losses based on the information provided. Finally, review the entered information and proceed to the next step to complete the tax filing process.
  562

  281
• ClonixtechSep 17, 2022 · 3 years ago
  Adding crypto in TurboTax is as easy as pie! Just follow these simple steps: 1. Open TurboTax and go to the investment income section. 2. Click on 'Add New Investment' and select the cryptocurrency option. 3. Fill in the necessary details like the date of purchase, cost basis, and sale price. 4. TurboTax will do the math and calculate your gains or losses. 5. Double-check the information and proceed with the tax filing. That's it! You're all set to report your crypto transactions.
  485

  162
• Rohan DhimanFeb 14, 2022 · 4 years ago
  As an expert in tax filing, I can assure you that adding cryptocurrency transactions in TurboTax is a breeze. Here's what you need to do: 1. Launch TurboTax and navigate to the investment income section. 2. Choose the option to add a new investment and select cryptocurrency. 3. Enter the relevant information, such as the date of acquisition, cost basis, and proceeds from the sale. 4. TurboTax will handle the calculations and generate the necessary forms for your tax filing. 5. Review the information for accuracy and submit your tax return. Remember to keep records of your crypto transactions for future reference. If you have any further questions, feel free to ask!
  673

  169