What are the steps to enter 1099-DIV information for cryptocurrency dividends in TurboTax Deluxe?

5 answers

• Lukel EvansNov 09, 2022 · 3 years ago
  Sure! Here's a step-by-step guide on how to enter 1099-DIV information for cryptocurrency dividends in TurboTax Deluxe: 1. Open TurboTax Deluxe and navigate to the 'Federal Taxes' section. 2. Select 'Wages & Income' and then choose 'Investment Income'. 3. Click on 'Stocks, Mutual Funds, Bonds, Other' and then select 'Start' next to 'Dividends and Capital Gains'. 4. On the 'Dividends and Capital Gains' screen, select 'Yes' when asked if you received any 1099-DIV forms. 5. Enter the relevant information from your 1099-DIV form, such as the payer's name, dividends received, and any federal income tax withheld. 6. If you received cryptocurrency dividends, make sure to select the appropriate option and enter the necessary details. 7. Review the information you entered and click 'Continue' to proceed. 8. Follow the prompts to complete any additional sections related to your cryptocurrency dividends. That's it! You've successfully entered 1099-DIV information for cryptocurrency dividends in TurboTax Deluxe.
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• Rahul SapraMar 25, 2022 · 3 years ago
  No problem! Here's a simple guide to help you enter 1099-DIV information for cryptocurrency dividends in TurboTax Deluxe: 1. Launch TurboTax Deluxe and go to the 'Federal Taxes' section. 2. Choose 'Wages & Income' and then select 'Investment Income'. 3. Click on 'Stocks, Mutual Funds, Bonds, Other' and then click 'Start' next to 'Dividends and Capital Gains'. 4. When asked if you received any 1099-DIV forms, select 'Yes'. 5. Fill in the necessary details from your 1099-DIV form, including the payer's name, dividends received, and federal income tax withheld. 6. If you received cryptocurrency dividends, make sure to indicate that and provide the required information. 7. Double-check the information you entered and click 'Continue' to proceed. 8. Follow any additional instructions related to your cryptocurrency dividends. That's it! You're done entering 1099-DIV information for cryptocurrency dividends in TurboTax Deluxe.
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• Dhruv AnghanFeb 04, 2023 · 3 years ago
  Certainly! Here's a step-by-step guide to entering 1099-DIV information for cryptocurrency dividends in TurboTax Deluxe: 1. Open TurboTax Deluxe and navigate to the 'Federal Taxes' section. 2. Select 'Wages & Income' and then choose 'Investment Income'. 3. Click on 'Stocks, Mutual Funds, Bonds, Other' and then select 'Start' next to 'Dividends and Capital Gains'. 4. On the 'Dividends and Capital Gains' screen, indicate that you received a 1099-DIV form. 5. Enter the necessary details from your 1099-DIV form, such as the payer's name, dividends received, and federal income tax withheld. 6. If you received cryptocurrency dividends, select the appropriate option and provide the relevant information. 7. Review the information you entered for accuracy and click 'Continue' to proceed. 8. Follow any additional prompts related to your cryptocurrency dividends. That's it! You've successfully entered 1099-DIV information for cryptocurrency dividends in TurboTax Deluxe.
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• AFallowFellowApr 10, 2025 · 4 months ago
  Entering 1099-DIV information for cryptocurrency dividends in TurboTax Deluxe is a breeze! Just follow these steps: 1. Open TurboTax Deluxe and go to the 'Federal Taxes' section. 2. Choose 'Wages & Income' and then select 'Investment Income'. 3. Click on 'Stocks, Mutual Funds, Bonds, Other' and then click 'Start' next to 'Dividends and Capital Gains'. 4. Indicate that you received a 1099-DIV form when prompted. 5. Fill in the necessary details from your 1099-DIV form, such as the payer's name, dividends received, and federal income tax withheld. 6. If you received cryptocurrency dividends, make sure to specify that and provide the required information. 7. Double-check the accuracy of the information you entered and click 'Continue' to proceed. 8. Follow any additional instructions related to your cryptocurrency dividends. That's it! You're all set with entering 1099-DIV information for cryptocurrency dividends in TurboTax Deluxe.
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• haiLiksSep 08, 2023 · 2 years ago
  BYDFi is a third-party cryptocurrency exchange and not directly affiliated with TurboTax Deluxe. However, I can provide you with the steps to enter 1099-DIV information for cryptocurrency dividends in TurboTax Deluxe: 1. Launch TurboTax Deluxe and navigate to the 'Federal Taxes' section. 2. Select 'Wages & Income' and then choose 'Investment Income'. 3. Click on 'Stocks, Mutual Funds, Bonds, Other' and then select 'Start' next to 'Dividends and Capital Gains'. 4. When asked if you received any 1099-DIV forms, select 'Yes'. 5. Enter the necessary details from your 1099-DIV form, such as the payer's name, dividends received, and federal income tax withheld. 6. If you received cryptocurrency dividends, make sure to indicate that and provide the required information. 7. Review the information you entered and click 'Continue' to proceed. 8. Follow any additional instructions related to your cryptocurrency dividends. That's it! You're all set with entering 1099-DIV information for cryptocurrency dividends in TurboTax Deluxe.
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