Are there any specific forms or documents required to report crypto.com earnings to the IRS?

3 answers

• Nov 26, 2021 · 3 years ago
  When reporting your earnings from crypto.com to the IRS, you will need to fill out and submit Form 8949 and Schedule D along with your tax return. These forms are used to report capital gains and losses from investments, including cryptocurrency transactions. It's important to accurately report your earnings and pay any applicable taxes to avoid penalties or audits from the IRS.
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• Nov 26, 2021 · 3 years ago
  To report your earnings from crypto.com to the IRS, you will need to use Form 8949 and Schedule D. These forms require you to provide details of each cryptocurrency transaction, including the date of acquisition, date of sale, cost basis, and proceeds. Make sure to keep accurate records of your transactions and consult a tax professional if you have any questions about reporting your earnings correctly.
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• Nov 26, 2021 · 3 years ago
  When it comes to reporting your earnings from crypto.com to the IRS, it's crucial to follow the guidelines set by the tax authority. You will need to use Form 8949 and Schedule D to report your capital gains and losses from cryptocurrency transactions. It's recommended to keep detailed records of your transactions, including the purchase and sale dates, cost basis, and proceeds. If you're unsure about how to report your earnings, consider consulting a tax professional for guidance.
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