Ra RaDec 05, 2021 · 3 years ago5 answers Does TurboTax calculate wash sales for cryptocurrency transactions?
I'm wondering if TurboTax, the popular tax preparation software, is able to calculate wash sales for cryptocurrency transactions. Wash sales occur when an investor sells a security at a loss and then buys the same or a substantially identical security within 30 days. Since wash sales have tax implications, it's important to accurately track and report them. Can TurboTax handle wash sales for cryptocurrency transactions?