The IRS considers crypto to be property, so capital gains and losses need to be reported.
You’ll need to give your Full Service tax expert one of the following:
- Form 1099-B
- This will be sent to you if you use Robinhood Crypto, Webull, Apex Clearing, or Uphold
- Capital gain/loss report as a PDF or .CSV file
- This is different from a transaction report. We can’t accept transaction reports
- See which crypto services TurboTax accepts
- Form 8949 or Schedule D
- Use a coin aggregator like CoinTracker to generate these forms
- This is a good option if you have multiple crypto accounts or transfer crypto from one exchange to another
