Martina
Sat Jul 13 2024
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5 answers
1063
Does TurboTax report earnings or loss on crypto transactions?
As a cryptocurrency investor, I'm curious about the tax implications of my transactions. Specifically, I'm wondering if TurboTax, a popular tax preparation software, is capable of accurately reporting earnings or losses on cryptocurrency transactions? Given the volatile nature of the crypto market, it's crucial to ensure that my tax filings are accurate and compliant. Does TurboTax have the necessary functionality to handle this aspect of tax preparation? Additionally, what specific information or records would I need to provide to TurboTax to ensure my crypto transactions are reported correctly?
