How can I use turbotax to report capital loss carryover for cryptocurrency investments?

1 answers

• Tanvir IslamNov 24, 2024 · 8 months ago
  Reporting capital loss carryover for cryptocurrency investments using turbotax is a straightforward process. Here's what you need to do: 1. Open turbotax and start a new tax return. 2. Enter your personal information and income sources. 3. When you get to the section for reporting investment income and losses, select the option to report capital losses. 4. Enter the details of your cryptocurrency investments, including the purchase and sale dates, cost basis, and proceeds. 5. Look for the option to carry over capital losses from previous years and enter the amount you want to carry over. 6. Follow the remaining turbotax prompts to complete your tax return. If you have any specific questions or encounter any issues while using turbotax, you can refer to the turbotax help center or reach out to their customer support for assistance.
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