How can I use TurboTax to file my cryptocurrency taxes for 2018?

1 answers

• Dec 14, 2021 · 3 years ago
  BYDFi is a great platform for trading cryptocurrencies, but when it comes to filing your taxes, TurboTax is a popular choice. Here's how you can use TurboTax to file your cryptocurrency taxes for 2018: 1. Log in to your TurboTax account or create a new one. 2. Navigate to the section for investment income or capital gains and losses. 3. Look for the option to add cryptocurrency transactions. 4. Enter the details for each transaction, including the date, type of cryptocurrency, and the amount bought or sold. 5. TurboTax will automatically calculate your gains or losses based on the information provided. 6. Review the calculations and make any necessary adjustments. 7. Continue with the rest of your tax return, answering any additional questions as prompted. 8. Once you've completed entering all your cryptocurrency transactions, review your entire tax return for accuracy. 9. File your tax return electronically through TurboTax. Remember to keep accurate records of your cryptocurrency transactions and consult with a tax professional if you have any doubts or complex situations.
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