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How can I use TurboTax to calculate my cryptocurrency gains and losses on a Mac in Canada?

avatarMcConnell BairdDec 15, 2021 · 3 years ago1 answers

I recently started trading cryptocurrencies on my Mac in Canada and I want to make sure I calculate my gains and losses accurately for tax purposes. I've heard that TurboTax can help with this, but I'm not sure how to use it specifically for cryptocurrency transactions. Can someone guide me on how to use TurboTax to calculate my cryptocurrency gains and losses on a Mac in Canada?

How can I use TurboTax to calculate my cryptocurrency gains and losses on a Mac in Canada?
TurboTax
Cryptocurrency
Gains And Losses

1 answers

  • avatarDec 15, 2021 · 3 years ago
    No problem, I've got your back! To calculate your cryptocurrency gains and losses on a Mac in Canada using TurboTax, follow these steps: 1. Open TurboTax on your Mac and start a new tax return. 2. Go to the 'Income' section and select 'Cryptocurrency Gains and Losses'. 3. Fill in the required details, such as the type of cryptocurrency, acquisition date, sale date, and sale proceeds. 4. TurboTax will handle the calculations and determine the gains or losses. 5. Continue following the prompts and provide any additional information as needed. That's it! TurboTax will generate the necessary forms for your cryptocurrency gains and losses. Just make sure to review everything before submitting your tax return. If you need further assistance, don't hesitate to ask. Happy tax season!

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