DianeW777
Expert Alumni

Investors & landlords

No need for concern.  You can enter the sales in a summary type of action by using the information provided here.

 

You should separate transactions by holding period -long term from short term. Then you can enter them yourself as two summarized sales.

  • Long term is a holding period of more than one year and receives capital gain tax treatment (0%, 10%, 15%, 20% depending on your regular rate of tax)
  • Short term is a holding period of one year or less and receives ordinary gain tax treatment (your regular rate)

Columns should be similar to Form 8949 (grouped together by holding period): 

  • Description
  • Date Acquired
  • Date Sold
  • Proceeds
  • Cost
  • Gain/Loss

These worksheets can be filed after your tax return is accepted (Form 8949 from CoinBase).  

 

If you are e-filing your tax return, then mail your statements along with Form 8453 to the following address within three days after the IRS accepts your tax return: 

 

Internal Revenue Service

Attn: Shipping and Receiving, 0254 

Receipt and Control Branch 

Austin, TX 73344-0254

 

If you need a blank Form 8453, you can download this pdf, enter your address information and check the box for Form 8949 (this form is really just a cover sheet).

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