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Returning Member
posted Apr 6, 2022 3:20:55 PM

8949 part II

I traded crypto for the first time in 2021 and in my form 8949, part II , box (e) is checked and  I noticed some entries with a date acquired and sold under a year from each other. These were stablecoins and no gain resulted. All zero dollars. This was imported using a crypto tax website. Should I correct this or leave it as is since there was zero gain. It is odd that it was reported as long term since it was less than one year.

 

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1 Replies
Expert Alumni
Apr 6, 2022 3:35:36 PM

These $0 entries may be deleted.  Retain a paper or digital copy of the 1099-B (?) with your tax records should there be a question about this form in the future.