Is it possible to claim a capital loss carryover from cryptocurrency investments using turbotax?

3 answers

• Bryan HelveyMar 29, 2022 · 3 years ago
  Yes, it is possible to claim a capital loss carryover from cryptocurrency investments using turbotax. Turbotax provides a section where you can report your capital gains and losses. You can enter the details of your cryptocurrency investments and calculate the capital loss carryover. However, it is important to consult a tax professional or refer to the IRS guidelines to ensure you are accurately reporting your losses.
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• Salma ElmaghawryOct 28, 2021 · 4 years ago
  Absolutely! Turbotax is a popular tax software that supports reporting capital gains and losses from cryptocurrency investments. You can enter your transactions and calculate the capital loss carryover. Just make sure to keep track of all your transactions and consult a tax professional if you have any doubts.
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• Shraddha ShivganJul 15, 2024 · a year ago
  Yes, you can claim a capital loss carryover from cryptocurrency investments using turbotax. Turbotax is designed to handle various types of investments, including cryptocurrencies. Just make sure to accurately report your losses and follow the instructions provided by turbotax. If you have any specific questions, you can reach out to turbotax customer support for assistance.
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