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TagsWhat are the common form 8949 adjustment codes for cryptocurrency transactions?
Sonu SedhaiDec 25, 2021 · 3 years ago1 answersCan you provide a list of the most common form 8949 adjustment codes that are used for reporting cryptocurrency transactions? I want to make sure I am properly reporting my cryptocurrency gains and losses on my tax return.
1 answers
- Ah, the common form 8949 adjustment codes for cryptocurrency transactions. Let me break it down for you: - Code A: Short-term gain or loss - Code B: Long-term gain or loss - Code C: Short-term gain or loss with cost basis not reported to the IRS - Code D: Long-term gain or loss with cost basis not reported to the IRS - Code E: Short-term gain or loss with cost basis reported to the IRS - Code F: Long-term gain or loss with cost basis reported to the IRS Remember, it's crucial to accurately report your cryptocurrency transactions on form 8949 to avoid any potential issues with the IRS. If you have any further questions, feel free to ask!Dec 25, 2021 · 3 years ago
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