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What tax forms do I need to fill out if I use cash app for buying and selling cryptocurrencies?

avatarcmotanya2012Dec 26, 2021 · 3 years ago3 answers

If I use Cash App for buying and selling cryptocurrencies, what tax forms do I need to fill out?

What tax forms do I need to fill out if I use cash app for buying and selling cryptocurrencies?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    When using Cash App for buying and selling cryptocurrencies, you may need to fill out tax forms such as Form 8949 and Schedule D. These forms are used to report capital gains and losses from the sale of cryptocurrencies. It's important to consult with a tax professional or use tax software to ensure you accurately report your cryptocurrency transactions on your tax return.
  • avatarDec 26, 2021 · 3 years ago
    If you use Cash App for buying and selling cryptocurrencies, you will likely need to fill out tax forms like Form 8949 and Schedule D. These forms are used to report your capital gains and losses from cryptocurrency transactions. It's important to keep track of your transactions and consult with a tax professional to ensure you meet your tax obligations.
  • avatarDec 26, 2021 · 3 years ago
    When using Cash App for buying and selling cryptocurrencies, it is important to be aware of your tax obligations. You may need to fill out tax forms such as Form 8949 and Schedule D to report your cryptocurrency transactions. It's recommended to consult with a tax professional or use tax software to accurately report your transactions and comply with tax regulations.