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Which tax forms should I use in TurboTax Online to report my cryptocurrency investments in 2024?

Kim KardashianMar 12, 2023 · 2 years ago14 answers

I'm using TurboTax Online to file my taxes for 2024 and I have some cryptocurrency investments. Which tax forms should I use in TurboTax Online to report my cryptocurrency investments?

14 answers

  • Kiran TamangJul 15, 2023 · 2 years ago
    To report your cryptocurrency investments in TurboTax Online for 2024, you'll need to use Form 8949 and Schedule D. Form 8949 is used to report the details of each individual cryptocurrency transaction, including the date of acquisition and sale, the cost basis, and the proceeds. Schedule D is used to summarize the total gains or losses from your cryptocurrency investments and calculate the overall capital gain or loss. Make sure to accurately report all your cryptocurrency transactions to ensure compliance with tax regulations.
  • chenaoshiweipangMar 01, 2023 · 2 years ago
    When reporting your cryptocurrency investments in TurboTax Online for 2024, you should use Form 8949 and Schedule D. Form 8949 is where you provide the details of each cryptocurrency transaction, such as the date acquired, date sold, proceeds, and cost basis. Schedule D is where you summarize the total gains or losses from your cryptocurrency investments. It's important to accurately report your transactions to avoid any potential issues with the IRS.
  • Crypto NewsMay 02, 2021 · 4 years ago
    To report your cryptocurrency investments in TurboTax Online for 2024, you'll need to use Form 8949 and Schedule D. These forms are used to report capital gains and losses from the sale or exchange of cryptocurrencies. Form 8949 is where you provide the details of each transaction, including the date acquired, date sold, proceeds, and cost basis. Schedule D is where you summarize the total gains or losses. Remember to keep accurate records of your cryptocurrency transactions to ensure accurate reporting.
  • sina fJul 28, 2023 · 2 years ago
    When it comes to reporting your cryptocurrency investments in TurboTax Online for 2024, you'll need to use Form 8949 and Schedule D. Form 8949 is where you list each individual cryptocurrency transaction, including the date acquired, date sold, proceeds, and cost basis. Schedule D is where you calculate the total gains or losses from your cryptocurrency investments. It's important to accurately report your transactions to comply with tax regulations and avoid any potential penalties.
  • Estelle YuanAug 10, 2022 · 3 years ago
    To report your cryptocurrency investments in TurboTax Online for 2024, you'll need to use Form 8949 and Schedule D. These forms are specifically designed for reporting capital gains and losses from the sale or exchange of cryptocurrencies. Form 8949 requires you to provide detailed information about each transaction, including the date acquired, date sold, proceeds, and cost basis. Schedule D is where you summarize the total gains or losses. Make sure to accurately report your cryptocurrency investments to ensure compliance with tax laws.
  • Công Đỉnh HánJul 11, 2023 · 2 years ago
    When it comes to reporting your cryptocurrency investments in TurboTax Online for 2024, you'll need to use Form 8949 and Schedule D. Form 8949 is where you report each individual cryptocurrency transaction, including the date acquired, date sold, proceeds, and cost basis. Schedule D is where you calculate the total gains or losses from your cryptocurrency investments. It's important to accurately report your transactions to avoid any potential issues with the IRS.
  • Avery SecristSep 10, 2021 · 4 years ago
    To report your cryptocurrency investments in TurboTax Online for 2024, you should use Form 8949 and Schedule D. Form 8949 is where you provide the details of each cryptocurrency transaction, such as the date acquired, date sold, proceeds, and cost basis. Schedule D is where you summarize the total gains or losses from your cryptocurrency investments. It's crucial to accurately report your transactions to ensure compliance with tax regulations and avoid any penalties.
  • Jeffrey RufusApr 26, 2024 · a year ago
    When reporting your cryptocurrency investments in TurboTax Online for 2024, you'll need to use Form 8949 and Schedule D. Form 8949 is used to report each individual cryptocurrency transaction, including the date acquired, date sold, proceeds, and cost basis. Schedule D is where you summarize the total gains or losses from your cryptocurrency investments. It's important to accurately report your transactions to comply with tax laws and avoid any potential audits.
  • Arvand NSep 13, 2021 · 4 years ago
    To report your cryptocurrency investments in TurboTax Online for 2024, you'll need to use Form 8949 and Schedule D. Form 8949 is where you provide the details of each cryptocurrency transaction, such as the date acquired, date sold, proceeds, and cost basis. Schedule D is where you summarize the total gains or losses from your cryptocurrency investments. Remember to keep accurate records of your transactions and consult a tax professional if you have any specific questions or concerns.
  • MaykSep 16, 2020 · 5 years ago
    When it comes to reporting your cryptocurrency investments in TurboTax Online for 2024, you'll need to use Form 8949 and Schedule D. Form 8949 is where you report the details of each individual cryptocurrency transaction, including the date acquired, date sold, proceeds, and cost basis. Schedule D is where you summarize the total gains or losses from your cryptocurrency investments. It's important to accurately report your transactions to ensure compliance with tax regulations and avoid any potential penalties.
  • Esraa SamyAug 19, 2022 · 3 years ago
    To report your cryptocurrency investments in TurboTax Online for 2024, you should use Form 8949 and Schedule D. Form 8949 is where you provide the details of each cryptocurrency transaction, such as the date acquired, date sold, proceeds, and cost basis. Schedule D is where you summarize the total gains or losses from your cryptocurrency investments. Make sure to accurately report your transactions to comply with tax laws and avoid any potential issues with the IRS.
  • Dax SardinhaJan 15, 2023 · 3 years ago
    When reporting your cryptocurrency investments in TurboTax Online for 2024, you'll need to use Form 8949 and Schedule D. Form 8949 is used to report each individual cryptocurrency transaction, including the date acquired, date sold, proceeds, and cost basis. Schedule D is where you summarize the total gains or losses from your cryptocurrency investments. It's crucial to accurately report your transactions to ensure compliance with tax regulations and avoid any penalties.
  • Arvand NMar 27, 2025 · 5 months ago
    To report your cryptocurrency investments in TurboTax Online for 2024, you'll need to use Form 8949 and Schedule D. Form 8949 is where you provide the details of each cryptocurrency transaction, such as the date acquired, date sold, proceeds, and cost basis. Schedule D is where you summarize the total gains or losses from your cryptocurrency investments. Remember to keep accurate records of your transactions and consult a tax professional if you have any specific questions or concerns.
  • MaykAug 20, 2025 · 6 days ago
    When it comes to reporting your cryptocurrency investments in TurboTax Online for 2024, you'll need to use Form 8949 and Schedule D. Form 8949 is where you report the details of each individual cryptocurrency transaction, including the date acquired, date sold, proceeds, and cost basis. Schedule D is where you summarize the total gains or losses from your cryptocurrency investments. It's important to accurately report your transactions to ensure compliance with tax regulations and avoid any potential penalties.

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