cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

Is it okay to report only the total value from cryptocurrency transactions as a single line on Form 8949?

I imported my crypto activity from last year using CryptoTrader.Tax, but the generated Form 8949 does not list transactions individually. Instead, it just has a single line with the totals for each column. 

Is there something specific I need to do while importing so the transactions show up individually? Or is it okay to file Form 8949 like this?

1 Best answer

Accepted Solutions
Highlighted
Level 11

Is it okay to report only the total value from cryptocurrency transactions as a single line on Form 8949?

Yes, it is acceptable to submit a Summary by Category to the IRS on Form 8949. 

They don't require individual transactions; just Short-Term or Long-Term and Gain or Loss.

More info:

https://ttlc.intuit.com/replies/4926553  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
Highlighted
Level 11

Is it okay to report only the total value from cryptocurrency transactions as a single line on Form 8949?

Yes, it is acceptable to submit a Summary by Category to the IRS on Form 8949. 

They don't require individual transactions; just Short-Term or Long-Term and Gain or Loss.

More info:

https://ttlc.intuit.com/replies/4926553  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post