2812253
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Crypto taxes - do I need to send in separate forms after e-filing?

I am a crypto newbie trying to get organized for taxes this year. 

I understand that TurboTax aggregates cryptocurrency transactions by short/long terms on form 8949. Do I need to mail the complete list of transactions? Could you advice what forms should be mailed to IRS?

 

P.S. this is for taxes for the year 2022. Wanted to clarify since the regulations around crypto taxes seem to be changing

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Crypto taxes - do I need to send in separate forms after e-filing?

 

Note; only sell transactions go on Form 8949.

your exchange report may be a jumble of various activities, which would have to be separated out.

 

If TurboTax won't accept your CSV file, proceed as follows.

Adjust your csv files so the columns are in the same order as on Form 8949.

Put a header with your name tax year and SS Number.

 

Use the summary option and then you can mail in the printout of the CSV files.
See the TurboTax instructions that will pop up.

You would use Category C and/or F since you don't have a 1099-B.

 

At tax time, you will subtotal your SELL transactions by Sales Category.

IRS requires Box C/F details to be listed on your own Form 8949,
or on your other forms (e.g. spreadsheets) which have the same information and in the same manner as Form 8949.
Either way, if you choose to summarize (not itemize) and e-File, you have to mail the transaction details to the IRS within three business days of IRS accepting your e-Filed tax return.

If you put the printout in PDF format, TurboTax Online may ask you for it.

Then you would avoid mailing.

 

: you're supposed to use Form 8453 as a cover sheet.
Form 8453 is not to be signed.

 

Note: more crypto outfits are sending 1099-B so if you get that your Sales Category would be different.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question