How can I use taxact return to calculate my cryptocurrency gains?

1 answers

• Jan 13, 2022 · 3 years ago
  Using TaxAct return to calculate your cryptocurrency gains is a straightforward process. Here's a step-by-step guide: 1. Log in to your TaxAct account and navigate to the section for investment income. 2. Look for the option to add cryptocurrency transactions or gains. 3. Enter the details of your cryptocurrency transactions, such as the date, type, and amount. 4. TaxAct will automatically calculate the gains or losses based on the information provided. 5. Review the calculated gains and losses to ensure accuracy. 6. Proceed with the rest of your tax return, reporting any other income or deductions. If you have any specific questions or encounter any issues, it's always a good idea to consult with a tax professional or refer to the official IRS guidelines for guidance.
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