How does TurboTax Deluxe handle cryptocurrency investments on Schedule D?

3 answers

• Catering to others LLCJul 09, 2020 · 5 years ago
  TurboTax Deluxe provides a straightforward process for handling cryptocurrency investments on Schedule D. When you enter your investment information, TurboTax will prompt you to select the type of investment, including cryptocurrency. You can then enter the details of your cryptocurrency transactions, such as the date of acquisition, cost basis, and sale proceeds. TurboTax will automatically calculate your capital gains or losses and fill out the necessary forms for Schedule D. It's important to ensure that you have accurate and complete records of your cryptocurrency transactions to ensure accurate reporting.
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• KaaZonMay 16, 2025 · 6 months ago
  Handling cryptocurrency investments on Schedule D with TurboTax Deluxe is a breeze. The software guides you through the process step by step, making it easy to enter your investment details. Just select the cryptocurrency option when prompted, and enter the relevant information, such as the date of purchase, cost basis, and sale proceeds. TurboTax will take care of the calculations and generate the necessary forms for Schedule D. Remember to keep accurate records of your cryptocurrency transactions to ensure accurate reporting.
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• mari gavrFeb 08, 2021 · 5 years ago
  When it comes to handling cryptocurrency investments on Schedule D, TurboTax Deluxe is a reliable choice. With its user-friendly interface, you can easily enter your cryptocurrency transactions and let TurboTax do the rest. Simply select the cryptocurrency option, enter the relevant details, and TurboTax will calculate your capital gains or losses. It's important to note that TurboTax Deluxe is not affiliated with BYDFi or any specific cryptocurrency exchange. It's a standalone tax software that can handle a wide range of investment types, including cryptocurrencies.
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