Are there any specific forms included in turbotax deluxe that are relevant to reporting gains from cryptocurrency investments?

3 answers

• omarJun 14, 2021 · 4 years ago
  Yes, when reporting gains from cryptocurrency investments in turbotax deluxe, you will need to fill out Form 8949 and Schedule D. These forms are used to report capital gains and losses from investments, including cryptocurrency. Make sure to accurately report your gains and losses to avoid any penalties or audits. If you're unsure about how to fill out these forms, it's always a good idea to consult a tax professional or use turbotax's customer support for guidance.
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• jerald lisingOct 13, 2021 · 4 years ago
  Absolutely! When it comes to reporting gains from cryptocurrency investments in turbotax deluxe, you'll need to fill out Form 8949 and Schedule D. These forms are specifically designed to report capital gains and losses from various investments, including cryptocurrency. Just make sure to accurately report your gains and losses to stay in compliance with the IRS. If you have any questions or need assistance, turbotax's customer support is always there to help you out.
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• bracecreoNov 15, 2024 · 10 months ago
  Yes, turbotax deluxe does include specific forms that are relevant to reporting gains from cryptocurrency investments. You will need to fill out Form 8949 and Schedule D to report your capital gains and losses from cryptocurrency. These forms are essential for accurately reporting your investment income and ensuring compliance with tax regulations. If you're unsure about how to fill out these forms, turbotax provides step-by-step guidance and support to help you navigate the process.
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