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Level 2
Jul 12, 2020 5:36 PM UTC
Question

Traded Cryptocurrency. Will Schedule D be generated automatically?

Hello. I am currently using TurobTax Online Premier. I have traded cryptocurrency in 2019 and already calculated everything using CryptoTrader.Tax service but that service doesn't generate Schedule D (only form 8949).

 

Once I import the files from CryptoTrader, would TurboTax Premier automatically generate Schedule D form with all necessary fills? Or do I have to fill it out myself? 

2 replies

Jul 12, 2020 5:40 PM UTC

8949 is where you report the trading.  it flows to schedule D.

willzyxAuthor
Level 2
Jul 12, 2020 5:42 PM UTC

So once I report all transactions in 8949, it would automatically generate Schedule D without me doing anything?