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Are there any specific settings or configurations required for TurboTax 2021 to work with cryptocurrency on a Mac?

avatarQuoc PhanDec 28, 2021 · 3 years ago7 answers

I'm using TurboTax 2021 on my Mac and I want to report my cryptocurrency transactions. Are there any specific settings or configurations I need to make in TurboTax to ensure it works properly with cryptocurrency?

Are there any specific settings or configurations required for TurboTax 2021 to work with cryptocurrency on a Mac?

7 answers

  • avatarDec 28, 2021 · 3 years ago
    Yes, there are a few settings you need to configure in TurboTax 2021 to work with cryptocurrency on a Mac. First, make sure you have the latest version of TurboTax installed. Then, go to the 'Federal Taxes' section and select 'Wages & Income'. Under 'Investment Income', choose 'Cryptocurrency'. Follow the prompts to import your cryptocurrency transactions or manually enter them. TurboTax will guide you through the process of reporting your cryptocurrency gains or losses.
  • avatarDec 28, 2021 · 3 years ago
    Absolutely! TurboTax 2021 has specific settings and configurations to handle cryptocurrency transactions on a Mac. To get started, open TurboTax and navigate to the 'Federal Taxes' section. From there, select 'Wages & Income' and choose 'Cryptocurrency' under 'Investment Income'. TurboTax will guide you through the process of importing or manually entering your cryptocurrency transactions. Just follow the prompts and you'll be able to report your cryptocurrency gains or losses accurately.
  • avatarDec 28, 2021 · 3 years ago
    Yes, TurboTax 2021 does require specific settings and configurations to work with cryptocurrency on a Mac. To begin, open TurboTax and go to the 'Federal Taxes' section. Under 'Wages & Income', select 'Cryptocurrency' in the 'Investment Income' category. TurboTax will provide step-by-step instructions on how to import your cryptocurrency transactions or enter them manually. By following these settings and configurations, you'll be able to accurately report your cryptocurrency activities on your Mac.
  • avatarDec 28, 2021 · 3 years ago
    Definitely! TurboTax 2021 has specific settings and configurations for cryptocurrency reporting on a Mac. To get started, open TurboTax and go to the 'Federal Taxes' section. Under 'Wages & Income', choose 'Cryptocurrency' in the 'Investment Income' category. TurboTax will walk you through the process of importing your cryptocurrency transactions or entering them manually. Just follow the instructions and you'll be able to report your cryptocurrency gains or losses with ease.
  • avatarDec 28, 2021 · 3 years ago
    Yes, there are specific settings and configurations required in TurboTax 2021 to work with cryptocurrency on a Mac. To begin, open TurboTax and navigate to the 'Federal Taxes' section. Under 'Wages & Income', select 'Cryptocurrency' in the 'Investment Income' category. TurboTax will guide you through the process of importing your cryptocurrency transactions or manually entering them. By following these settings, you'll be able to accurately report your cryptocurrency activities on your Mac.
  • avatarDec 28, 2021 · 3 years ago
    Yes, TurboTax 2021 does require specific settings and configurations to work with cryptocurrency on a Mac. To get started, open TurboTax and go to the 'Federal Taxes' section. Under 'Wages & Income', select 'Cryptocurrency' in the 'Investment Income' category. TurboTax will provide step-by-step instructions on how to import your cryptocurrency transactions or enter them manually. By following these settings and configurations, you'll be able to accurately report your cryptocurrency activities on your Mac.
  • avatarDec 28, 2021 · 3 years ago
    Yes, there are specific settings and configurations required for TurboTax 2021 to work with cryptocurrency on a Mac. To begin, open TurboTax and navigate to the 'Federal Taxes' section. Under 'Wages & Income', select 'Cryptocurrency' in the 'Investment Income' category. TurboTax will guide you through the process of importing your cryptocurrency transactions or manually entering them. By following these settings, you'll be able to accurately report your cryptocurrency activities on your Mac.