How can I use TurboTax to file my cryptocurrency gains and losses for 2017?

3 answers

• RAM KUMAR K AI-DSMay 03, 2021 · 4 years ago
  Sure, I can help you with that! To use TurboTax for reporting your cryptocurrency gains and losses for 2017, follow these steps: 1. Open TurboTax and start a new tax return. 2. Go to the 'Federal Taxes' section and select 'Wages & Income'. 3. Scroll down and click on 'Less Common Income'. 4. Look for the 'Cryptocurrency' option and click on it. 5. Enter the required information, such as the total gains and losses for 2017. 6. TurboTax will guide you through the process of reporting your cryptocurrency transactions. Remember to keep track of all your transactions and have accurate records to ensure proper reporting. If you have any specific questions or encounter any issues, feel free to ask!
  702

  351
• Guo MoMay 27, 2022 · 3 years ago
  Filing cryptocurrency gains and losses with TurboTax is not as complicated as it may seem. Here's a simplified guide: 1. Open TurboTax and create a new tax return. 2. Navigate to the 'Federal Taxes' section and select 'Wages & Income'. 3. Scroll down and click on 'Less Common Income'. 4. Look for the 'Cryptocurrency' option and click on it. 5. Enter the necessary information, such as the total gains and losses for 2017. 6. TurboTax will guide you through the process of reporting your cryptocurrency transactions. Remember to consult with a tax professional or refer to the official IRS guidelines if you have any doubts or complex situations. Happy filing!
  663

  221
• BorkaddJun 25, 2022 · 3 years ago
  Using TurboTax to report your cryptocurrency gains and losses for 2017 is a straightforward process. Here's what you need to do: 1. Launch TurboTax and start a new tax return. 2. Go to the 'Federal Taxes' section and select 'Wages & Income'. 3. Scroll down and click on 'Less Common Income'. 4. Look for the 'Cryptocurrency' option and select it. 5. Enter the relevant details, such as the total gains and losses for 2017. 6. TurboTax will guide you through the rest of the reporting process. If you have any specific questions or need further assistance, feel free to ask. Remember to keep accurate records of your transactions to ensure accurate reporting.
  660

  165