☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Aug 6, 2021 2:22:08 PM

Cryptocurrency Futures

Hello,

 

I was wondering if TurboTax Premier (or any TurboTax product) allows for processing taxes associated with trading of cryptocurrency (e.g., bitcoin) futures without having to file a paper form?  Can anyone help with that?

 

Thanks! 

0 1 3412
1 Replies
Level 15
Aug 6, 2021 2:35:34 PM

Crypto futures are pretty new to the landscape so rules may change but right now you report your gains or losses from 1256 contracts on form 6781 and that's a LOT easier than reporting every single stock trade.