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

14 answers

• Kiran TamangSep 30, 2020 · 5 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.
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• chenaoshiweipangSep 05, 2022 · 3 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.
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• Crypto NewsSep 08, 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 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.
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• sina fJun 10, 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 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.
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• Estelle YuanMay 03, 2024 · 2 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.
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• Công Đỉnh HánMar 06, 2024 · 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.
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• Avery SecristDec 02, 2023 · 2 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.
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• Jeffrey RufusFeb 19, 2025 · 9 months 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.
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• Arvand NJul 11, 2024 · a year 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.
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• MaykOct 24, 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 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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• Esraa SamyNov 03, 2023 · 2 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.
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• Dax SardinhaDec 28, 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 crucial to accurately report your transactions to ensure compliance with tax regulations and avoid any penalties.
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• Arvand NApr 18, 2024 · 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 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.
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• MaykOct 10, 2022 · 3 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.
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