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Are there any specific instructions for filling out form 8949 for cryptocurrency trades in 2019?

avatarHod PotatoNov 26, 2021 · 3 years ago3 answers

I need to fill out form 8949 for my cryptocurrency trades in 2019. Are there any specific instructions I should follow?

Are there any specific instructions for filling out form 8949 for cryptocurrency trades in 2019?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    Yes, there are specific instructions for filling out form 8949 for cryptocurrency trades in 2019. When reporting your cryptocurrency trades, you need to provide detailed information for each transaction, including the date of acquisition, date of sale, cost basis, proceeds, and gain or loss. It's important to accurately report all your cryptocurrency trades to ensure compliance with tax regulations.
  • avatarNov 26, 2021 · 3 years ago
    Filling out form 8949 for cryptocurrency trades in 2019 can be a bit confusing, but don't worry, I've got you covered! The IRS has provided specific instructions for reporting cryptocurrency trades on this form. Make sure to accurately report the date of acquisition, date of sale, cost basis, proceeds, and gain or loss for each transaction. If you're unsure about any of the details, it's always a good idea to consult a tax professional.
  • avatarNov 26, 2021 · 3 years ago
    As a representative from BYDFi, I can tell you that there are specific instructions for filling out form 8949 for cryptocurrency trades in 2019. It's important to accurately report your cryptocurrency trades to ensure compliance with tax regulations. Make sure to provide all the required information for each transaction, including the date of acquisition, date of sale, cost basis, proceeds, and gain or loss. If you have any further questions, feel free to reach out to our support team.