How can I use TurboTax to file my cryptocurrency taxes online?

1 answers

• Mar 01, 2022 · 3 years ago
  No problem! I'll guide you through the process of using TurboTax to file your cryptocurrency taxes online. Just follow these steps: 1. Log in to your TurboTax account or create a new one if you don't have an account yet. 2. Start a new tax return and select the appropriate filing status. 3. When asked about your income sources, choose the option for cryptocurrency. 4. TurboTax will walk you through entering your cryptocurrency transactions. Make sure you have your transaction history and records handy. 5. Enter the details of each transaction, such as the date, type (buy, sell, trade), amount, and cost basis. 6. TurboTax will automatically calculate your gains or losses based on the information you provide. 7. Complete the rest of the tax return, entering any other necessary information. 8. Double-check your return for accuracy and completeness. 9. Once you're satisfied, electronically file your tax return through TurboTax. That's it! You're done filing your cryptocurrency taxes online using TurboTax.
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