What are the specific requirements for filling out form 8949 code b when dealing with digital assets?

5 answers

• Aurora DingJul 16, 2025 · 4 months ago
  When filling out form 8949 code b for digital assets, it is important to provide accurate and detailed information. This includes the date of acquisition and sale, the cost basis, the proceeds from the sale, and the resulting gain or loss. It is crucial to report each transaction separately and not to combine multiple transactions. Make sure to follow the instructions provided by the IRS and consult with a tax professional if needed.
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• demacinemaApr 05, 2021 · 5 years ago
  Filling out form 8949 code b for digital assets can be a bit confusing, but it's important to get it right to avoid any potential issues with the IRS. You'll need to provide information such as the date you acquired the digital asset, the date you sold it, the cost basis, the proceeds from the sale, and the resulting gain or loss. It's also important to report each transaction separately and not to combine them. If you're unsure about any aspect of the form, it's always a good idea to consult with a tax professional.
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• Eann McKassonDec 28, 2024 · 10 months ago
  When dealing with digital assets and filling out form 8949 code b, it's important to ensure accurate reporting. The form requires you to provide information such as the date of acquisition, the date of sale, the cost basis, the proceeds from the sale, and the resulting gain or loss. It's crucial to report each transaction separately and not to combine multiple transactions. If you're unsure about how to fill out the form correctly, consider seeking guidance from a tax professional or referring to the IRS guidelines.
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• TATHAGAT KUMARApr 21, 2022 · 4 years ago
  When it comes to filling out form 8949 code b for digital assets, accuracy is key. You'll need to provide detailed information about each transaction, including the date of acquisition, the date of sale, the cost basis, the proceeds from the sale, and the resulting gain or loss. It's important to report each transaction separately and not to combine multiple transactions. If you're unsure about any aspect of the form, it's always a good idea to consult with a tax professional to ensure compliance with the IRS guidelines.
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• Filipa SousaAug 09, 2021 · 4 years ago
  At BYDFi, we recommend following the specific requirements outlined by the IRS when filling out form 8949 code b for digital assets. It is important to provide accurate and detailed information for each transaction, including the date of acquisition, the date of sale, the cost basis, the proceeds from the sale, and the resulting gain or loss. Remember to report each transaction separately and not to combine multiple transactions. If you have any questions or need assistance, consult with a tax professional to ensure compliance with the IRS guidelines.
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