What forms do I need to fill out for cryptocurrency taxes?

Mason NunezDec 29, 2021 · 3 years ago1 answers

Can you provide a list of the forms that need to be filled out for cryptocurrency taxes?

What forms do I need to fill out for cryptocurrency taxes?

1 answers

Dec 29, 2021 · 3 years ago
At BYDFi, we recommend consulting with a tax professional to determine the specific forms you need to fill out for cryptocurrency taxes. However, in general, you may need to fill out IRS Form 1040 to report your overall income, and Form 8949 to report your capital gains and losses from cryptocurrency transactions. Additionally, if you received any cryptocurrency as a form of payment, you may need to fill out Form 1099-MISC. Keep in mind that tax laws can vary by jurisdiction, so it's important to stay updated on the latest regulations and consult with a professional to ensure compliance.

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