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Level 2
April 6, 2022
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Crypto currency

  • April 6, 2022
  • 1 reply
  • 9 views

I am asking for my husband that has won, lost and invested in crypto currency. How would I go ahead to find the details of reporting for tax purposes? 

    Best answer by MaryK4

    In general, if he used a legitimate company, they will be able to provide tax-friendly files that you can use to report to the IRS.  There are often multiple transactions that have to be reported, so follow the steps below to import the information directly from the broker.

     

    Here is the technical guide: How to File Cryptocurrency Taxes with TurboTax (Step-by-Step)

    1 reply

    MaryK4
    MaryK4Answer
    Level 15
    April 6, 2022

    In general, if he used a legitimate company, they will be able to provide tax-friendly files that you can use to report to the IRS.  There are often multiple transactions that have to be reported, so follow the steps below to import the information directly from the broker.

     

    Here is the technical guide: How to File Cryptocurrency Taxes with TurboTax (Step-by-Step)

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