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Are there any specific tax forms I need to fill out for my crypto.com earnings in Turbotax?

avatarSamay MaheshwariDec 16, 2021 · 3 years ago3 answers

I have earned some money from crypto.com and I am wondering if there are any specific tax forms that I need to fill out when using Turbotax?

Are there any specific tax forms I need to fill out for my crypto.com earnings in Turbotax?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Yes, when reporting your earnings from crypto.com on Turbotax, you will need to fill out Form 8949 to report your capital gains or losses. This form is used to report the sales and exchanges of capital assets, including cryptocurrencies. Make sure to accurately report your earnings to comply with tax regulations.
  • avatarDec 16, 2021 · 3 years ago
    Absolutely! When it comes to reporting your crypto.com earnings on Turbotax, it's important to stay compliant with tax laws. You will need to fill out Form 8949 to report your capital gains or losses. Remember to keep track of your transactions and consult a tax professional if you have any doubts.
  • avatarDec 16, 2021 · 3 years ago
    Yes, you will need to fill out Form 8949 for reporting your crypto.com earnings on Turbotax. This form is used to report the sales and exchanges of capital assets, including cryptocurrencies. It's important to accurately report your earnings to avoid any potential issues with the IRS. If you're unsure about how to fill out the form, consider seeking assistance from a tax professional or using Turbotax's guidance for cryptocurrency transactions.