Horton OwenDec 29, 2021 · 3 years ago8 answers Does TurboTax support the reporting of foreign cryptocurrency exchanges for FBAR purposes?
I am wondering if TurboTax can be used to report foreign cryptocurrency exchanges for FBAR (Foreign Bank and Financial Accounts) purposes. Can TurboTax handle the complexities of reporting cryptocurrency transactions from foreign exchanges? Is it able to calculate the necessary values and generate the required forms? I want to make sure I am compliant with FBAR regulations when it comes to reporting my cryptocurrency holdings and transactions.