How can I report cryptocurrency earnings with TurboTax Desktop Premier?

7 answers

• McCall HullOct 28, 2021 · 4 years ago
  Sure! Reporting cryptocurrency earnings with TurboTax Desktop Premier is not as complicated as it may seem. Here's a step-by-step guide to help you: 1. Open TurboTax Desktop Premier and select the 'Federal Taxes' tab. 2. Click on 'Wages & Income' and select 'I'll choose what I work on'. 3. Scroll down and click on 'Cryptocurrency'. 4. Enter the necessary information, such as the type of cryptocurrency, date acquired, date sold, and proceeds. 5. TurboTax will automatically calculate the gains or losses. 6. Review the information and click 'Continue' to proceed. 7. Follow the prompts to complete the rest of your tax return. Remember to keep accurate records of your cryptocurrency transactions for future reference. If you have any specific questions or encounter any issues, don't hesitate to reach out to TurboTax support for assistance.
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• Duc NguyenJul 28, 2024 · a year ago
  No worries! Reporting your cryptocurrency earnings with TurboTax Desktop Premier is actually quite straightforward. Just follow these steps: 1. Launch TurboTax Desktop Premier and navigate to the 'Federal Taxes' section. 2. Choose 'Wages & Income' and select 'I'll choose what I work on'. 3. Scroll down until you find the 'Cryptocurrency' option and click on it. 4. Fill in the required details, such as the type of cryptocurrency, acquisition date, sale date, and proceeds. 5. TurboTax will automatically calculate your gains or losses. 6. Take a moment to review the information and click 'Continue' to proceed. 7. Follow the on-screen instructions to complete the rest of your tax return. Remember to keep accurate records of your cryptocurrency transactions for future reference. If you need further assistance, TurboTax support is always available to help you.
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• savant selfmadeAug 11, 2022 · 3 years ago
  Absolutely! Reporting your cryptocurrency earnings with TurboTax Desktop Premier is a breeze. Just follow these steps: 1. Open TurboTax Desktop Premier and go to the 'Federal Taxes' section. 2. Select 'Wages & Income' and choose 'I'll choose what I work on'. 3. Scroll down until you see 'Cryptocurrency' and click on it. 4. Fill in the necessary details, such as the type of cryptocurrency, acquisition date, sale date, and proceeds. 5. TurboTax will automatically calculate your gains or losses. 6. Take a moment to review the information and click 'Continue' to proceed. 7. Follow the prompts to complete the rest of your tax return. Remember, it's important to keep accurate records of your cryptocurrency transactions. If you have any specific questions or need further assistance, TurboTax support is just a click away.
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• kmkmAug 01, 2021 · 4 years ago
  Sure thing! Reporting your cryptocurrency earnings with TurboTax Desktop Premier is a piece of cake. Here's what you need to do: 1. Open TurboTax Desktop Premier and navigate to the 'Federal Taxes' section. 2. Select 'Wages & Income' and choose 'I'll choose what I work on'. 3. Scroll down until you find 'Cryptocurrency' and click on it. 4. Fill in the required details, such as the type of cryptocurrency, acquisition date, sale date, and proceeds. 5. TurboTax will automatically calculate your gains or losses. 6. Take a moment to review the information and click 'Continue' to proceed. 7. Follow the on-screen instructions to complete the rest of your tax return. Remember to keep accurate records of your cryptocurrency transactions for future reference. If you have any further questions, feel free to ask.
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• MikiNov 21, 2021 · 4 years ago
  Sure, I can help you with that! Reporting your cryptocurrency earnings with TurboTax Desktop Premier is a straightforward process. Here's a step-by-step guide: 1. Launch TurboTax Desktop Premier and go to the 'Federal Taxes' section. 2. Select 'Wages & Income' and choose 'I'll choose what I work on'. 3. Scroll down until you find 'Cryptocurrency' and click on it. 4. Fill in the necessary details, such as the type of cryptocurrency, acquisition date, sale date, and proceeds. 5. TurboTax will automatically calculate your gains or losses. 6. Take a moment to review the information and click 'Continue' to proceed. 7. Follow the prompts to complete the rest of your tax return. Remember to maintain accurate records of your cryptocurrency transactions. If you have any specific questions or need further assistance, don't hesitate to reach out to TurboTax support.
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• MikiDec 06, 2023 · 2 years ago
  Sure, I can help you with that! Reporting your cryptocurrency earnings with TurboTax Desktop Premier is a straightforward process. Here's a step-by-step guide: 1. Launch TurboTax Desktop Premier and go to the 'Federal Taxes' section. 2. Select 'Wages & Income' and choose 'I'll choose what I work on'. 3. Scroll down until you find 'Cryptocurrency' and click on it. 4. Fill in the necessary details, such as the type of cryptocurrency, acquisition date, sale date, and proceeds. 5. TurboTax will automatically calculate your gains or losses. 6. Take a moment to review the information and click 'Continue' to proceed. 7. Follow the prompts to complete the rest of your tax return. Remember to maintain accurate records of your cryptocurrency transactions. If you have any specific questions or need further assistance, don't hesitate to reach out to TurboTax support.
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• MikiJan 19, 2025 · 7 months ago
  Sure, I can help you with that! Reporting your cryptocurrency earnings with TurboTax Desktop Premier is a straightforward process. Here's a step-by-step guide: 1. Launch TurboTax Desktop Premier and go to the 'Federal Taxes' section. 2. Select 'Wages & Income' and choose 'I'll choose what I work on'. 3. Scroll down until you find 'Cryptocurrency' and click on it. 4. Fill in the necessary details, such as the type of cryptocurrency, acquisition date, sale date, and proceeds. 5. TurboTax will automatically calculate your gains or losses. 6. Take a moment to review the information and click 'Continue' to proceed. 7. Follow the prompts to complete the rest of your tax return. Remember to maintain accurate records of your cryptocurrency transactions. If you have any specific questions or need further assistance, don't hesitate to reach out to TurboTax support.
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