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Could you please explain how cryptocurrency transactions are reported to the IRS? As an example, let's say an investor held a digital asset as a capital asset and made transactions, such as selling, exchanging, or transferring it in 2023. Would they need to use Form 8949 to calculate their capital gains or losses from these transactions? And then, how should they proceed to report this information on Schedule D (Form 1040) for Capital Gains and Losses?
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