common-close-0
BYDFi
Trade wherever you are!

How can I use TurboTax Premier CD 2022 to report my cryptocurrency earnings?

avatarDede SabilDec 27, 2021 · 3 years ago1 answers

I recently started investing in cryptocurrency and I'm not sure how to report my earnings for tax purposes. Can I use TurboTax Premier CD 2022 to report my cryptocurrency earnings? If so, how do I go about doing it?

How can I use TurboTax Premier CD 2022 to report my cryptocurrency earnings?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, you can use TurboTax Premier CD 2022 to report your cryptocurrency earnings. TurboTax has a user-friendly interface that guides you through the process of reporting your cryptocurrency transactions. Simply follow the prompts and enter the necessary information, such as the type of cryptocurrency, the date of acquisition, and the sale price. TurboTax will automatically calculate the capital gains or losses for each transaction and generate the appropriate tax forms. It's important to note that you should keep accurate records of your cryptocurrency transactions, including the date of acquisition, sale price, and any associated fees. If you have any questions or need further assistance, you can consult the TurboTax help center or reach out to their customer support team. They are available to assist you with any tax-related inquiries. Happy tax reporting!