How to report 1099-B transactions related to cryptocurrency to the IRS?

3 answers

• sherylcodingJul 02, 2025 · 23 days ago
  To report 1099-B transactions related to cryptocurrency to the IRS, you will need to fill out Form 8949 and Schedule D. On Form 8949, you will need to provide details of each transaction, including the date acquired, date sold, proceeds, cost basis, and gain or loss. Make sure to report all transactions accurately to avoid any potential issues with the IRS. It's always a good idea to consult with a tax professional for guidance on reporting cryptocurrency transactions to the IRS.
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• stephen_adairApr 27, 2024 · a year ago
  Reporting 1099-B transactions related to cryptocurrency to the IRS can be a bit confusing, but it's important to get it right. You'll need to use Form 8949 and Schedule D to report your transactions. Be sure to include all relevant information, such as the date of acquisition, date of sale, proceeds, cost basis, and gain or loss. If you're unsure about how to report your cryptocurrency transactions, consider seeking the assistance of a tax professional to ensure accuracy and compliance with IRS regulations.
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• Aries YemenMar 31, 2025 · 4 months ago
  When it comes to reporting 1099-B transactions related to cryptocurrency to the IRS, it's crucial to be thorough and accurate. You'll need to fill out Form 8949 and Schedule D, providing detailed information about each transaction. This includes the date you acquired the cryptocurrency, the date you sold it, the proceeds from the sale, the cost basis, and the resulting gain or loss. It's important to report all transactions correctly to avoid any potential issues with the IRS. If you're unsure about how to report your cryptocurrency transactions, consider consulting a tax professional for guidance.
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