What are the requirements for filling out form 8949 box e for cryptocurrency trades?

3 answers

• Frazier BradfordJun 19, 2025 · a month ago
  When filling out form 8949 box e for cryptocurrency trades, it is important to include all relevant information regarding the trades. This includes the date of the trade, the type of cryptocurrency traded, the amount of cryptocurrency bought or sold, the cost basis, and the proceeds from the trade. It is also important to report any gains or losses from these trades accurately. The IRS requires individuals to report each transaction separately, so it is important to provide a detailed breakdown of each trade in this section. Additionally, it is important to follow the IRS guidelines for reporting cryptocurrency trades and consult with a tax professional if needed.
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• Dinesh yadavJan 09, 2022 · 4 years ago
  Filling out form 8949 box e for cryptocurrency trades can be a bit confusing, but it's important to get it right to avoid any potential issues with the IRS. In this section, you need to provide detailed information about each cryptocurrency trade you made during the tax year. This includes the date of the trade, the type of cryptocurrency, the amount bought or sold, the cost basis, and the proceeds from the trade. It's important to report any gains or losses accurately and separately for each transaction. If you're unsure about how to fill out this section, it's always a good idea to consult with a tax professional who is familiar with cryptocurrency tax reporting.
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• Hughes VangsgaardMar 24, 2021 · 4 years ago
  When it comes to filling out form 8949 box e for cryptocurrency trades, it's important to be thorough and accurate. This section requires you to provide detailed information about each cryptocurrency trade you made during the tax year. This includes the date of the trade, the type of cryptocurrency, the amount bought or sold, the cost basis, and the proceeds from the trade. It's important to report any gains or losses accurately and separately for each transaction. If you're using BYDFi for your cryptocurrency trades, they provide a user-friendly interface that makes it easy to track and report your trades for tax purposes. Just make sure to follow the IRS guidelines and consult with a tax professional if needed.
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