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K
kshucker
November 10, 2021
Question

Can I get some help with my crypto taxes?

  • November 10, 2021
  • 2 replies
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2 replies

A
Anonymous_
Employee
November 10, 2021

You can post any questions you have here on this board.

 

Alternatively, TurboTax offers various levels of assistance for an extra charge.

 

See https://turbotax.intuit.com/personal-taxes/online/live/

rjs
rjs
Employee
November 10, 2021

For income tax reporting, cryptocurrency is treated the same as stocks. Each time you sell cryptocurrency you have a gain or loss. You have to report the gain or loss from each sale in the year of the sale. Using cryptocurrency to pay for something is the same as selling the cryptocurrency.


The following links on the IRS web site may answer your questions.


Virtual Currencies


Frequently Asked Questions on Virtual Currency Transactions

 

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