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Get your taxes done using TurboTax
A knee-jerk reaction would be that it would be allowed but this is not the proper venue for a complex transaction and TurboTax does not support multi-asset exchanges (at least not directly).
Your best course of action would be to consult with a local tax professional (there are likely also state tax considerations as well).
See https://taxexperts.naea.org/listing/service/individual-tax-preparation
You might also want to run this by your intermediary and see if they either have firsthand knowledge or can recommend someone who does in your local area.
‎November 13, 2022
12:58 PM
313 Views