My form 8949 consists of many, many pages, and my broker (Coinbase) didn't give me a 1099. I was hoping I could just e-file it. All of this is short term capital income from cryptocurrency. I am filing with a CPA as well, so I plan to just give him the form 8949, if that is even possible.
You'll need to sign in or create an account to connect with an expert.
The Form 8949 can be E-filed with your tax return. There isn't a "maximum" file size that can be E-filed (that I can find or have encountered). If the form is accepted for E-file, then the number of transactions shouldn't eliminate it from E-file. The IRS does request this Form to be mailed in many cases, but not all.
You can choose to separate long term versus short term activity, then make
two entries, one for each. Long term holding period is more than
one year. Then you can attach your
excel sheet (or other tracking sheet) for the necessary backup to your tax return entries. This an be mailed to the IRS with Form 8949 after E-file acceptance or if requested by them later.
The Form 8949 can be E-filed with your tax return. There isn't a "maximum" file size that can be E-filed (that I can find or have encountered). If the form is accepted for E-file, then the number of transactions shouldn't eliminate it from E-file. The IRS does request this Form to be mailed in many cases, but not all.
You can choose to separate long term versus short term activity, then make
two entries, one for each. Long term holding period is more than
one year. Then you can attach your
excel sheet (or other tracking sheet) for the necessary backup to your tax return entries. This an be mailed to the IRS with Form 8949 after E-file acceptance or if requested by them later.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Jamiers99
New Member
christine-mcquil
New Member
yanke2
Level 2
williamd2
Level 2
crkcisme
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.