Where can I find the section to enter cryptocurrency income from Schedule K-1 in TurboTax?

1 answers

• angryglitchFeb 28, 2025 · 8 months ago
  At BYDFi, we understand the importance of accurately reporting cryptocurrency income on your taxes. To find the section to enter cryptocurrency income from Schedule K-1 in TurboTax, follow these steps: 1. Log in to your TurboTax account and navigate to the 'Federal' section. 2. Look for the 'Income' category and click on it. 3. Under the 'Income' category, you will find various subcategories. Look for 'Schedule K-1' and click on it. 4. On the next page, you will see a list of different types of income. Look for 'Cryptocurrency Income' or 'Virtual Currency Income' and select it. 5. TurboTax will then guide you through the process of entering your cryptocurrency income from Schedule K-1. Make sure to have your Schedule K-1 form handy to accurately enter the information. I hope this helps! Let me know if you have any further questions.
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