What are the specific details I need to include in form 8949 box A for my cryptocurrency gains and losses?

3 answers

• iain whitsonApr 09, 2023 · 3 years ago
  When filling out form 8949 box A for your cryptocurrency gains and losses, you need to include the following details: 1. Date of acquisition: The date you acquired the cryptocurrency. 2. Date of sale or exchange: The date you sold or exchanged the cryptocurrency. 3. Proceeds: The amount you received from the sale or exchange of the cryptocurrency. 4. Cost or other basis: The cost or other basis of the cryptocurrency. 5. Gain or loss: The difference between the proceeds and the cost or other basis. Make sure to accurately report these details to ensure compliance with tax regulations.
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• f pAug 29, 2025 · 2 months ago
  When filling out form 8949 box A for your cryptocurrency gains and losses, you'll need to provide specific details such as the date of acquisition, date of sale or exchange, proceeds, cost or other basis, and the resulting gain or loss. It's important to accurately report these details to ensure compliance with tax regulations. If you're unsure about any of the information, consult a tax professional for guidance.
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• MilicodingOct 28, 2024 · a year ago
  When filling out form 8949 box A for your cryptocurrency gains and losses, it's important to include the date of acquisition, date of sale or exchange, proceeds, cost or other basis, and the resulting gain or loss. These details help the IRS track your cryptocurrency transactions and calculate your tax liability. If you're using BYDFi for your cryptocurrency trading, you can easily access the necessary information for form 8949 box A. Just navigate to your transaction history and export the relevant data. Remember to double-check the accuracy of the information before submitting your tax return.
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