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June 8, 2019
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Is it okay to report only the total value from cryptocurrency transactions as a single line on Form 8949?

  • June 8, 2019
  • 1 reply
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I imported my crypto activity from last year using CryptoTrader.Tax, but the generated Form 8949 does not list transactions individually. Instead, it just has a single line with the totals for each column. 

Is there something specific I need to do while importing so the transactions show up individually? Or is it okay to file Form 8949 like this?

Best answer by mglauner

Yes, it is acceptable to submit a Summary by Category to the IRS on Form 8949. 

They don't require individual transactions; just Short-Term or Long-Term and Gain or Loss.

More info:

https://ttlc.intuit.com/replies/4926553  

1 reply

mglaunerAnswer
June 8, 2019

Yes, it is acceptable to submit a Summary by Category to the IRS on Form 8949. 

They don't require individual transactions; just Short-Term or Long-Term and Gain or Loss.

More info:

https://ttlc.intuit.com/replies/4926553