- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Yes, you can calculate your crypto gains and losses yourself.
You'll need to complete IRS Form 8949 and include your totals from 8949 on Form Schedule D and also include this income on Schedule 1 (or Schedule C if you are engaging in crypto taxes as self-employed). Send Form 8949 and Schedule D to the IRS. You don't need to include the Excel files.
As for the transactions for less that a $1, if you had lot's of them, their combined amount could change your calculation, so it is better to report them as well.
‎February 16, 2021
2:23 PM