What are the steps to claim cryptocurrency losses on TurboTax?

3 answers

• Mar 01, 2022 · 3 years ago
  Sure! Here's a step-by-step guide to claiming cryptocurrency losses on TurboTax: 1. Log in to your TurboTax account and select the 'Federal' tab. 2. Click on 'Deductions & Credits' and then choose 'Jump to a full list'. 3. Scroll down and select 'Investment Income' and then click on 'Start' next to 'Stocks, Mutual Funds, Bonds, Other'. 4. On the 'Let's get your investment info' page, click on 'Yes' for 'Did you sell any investments in 2021?'. 5. Scroll down and select 'Cryptocurrency' and then click on 'Start'. 6. Enter the necessary information about your cryptocurrency losses, including the date of the loss, the amount, and the type of cryptocurrency. 7. TurboTax will calculate your losses and apply them to your tax return. That's it! Just follow these steps and you'll be able to claim your cryptocurrency losses on TurboTax.
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• Mar 01, 2022 · 3 years ago
  Claiming cryptocurrency losses on TurboTax is easy! Just follow these steps: 1. Log in to your TurboTax account and go to the 'Federal' section. 2. Click on 'Deductions & Credits' and then select 'Jump to a full list'. 3. Scroll down and choose 'Investment Income' and click on 'Start' next to 'Stocks, Mutual Funds, Bonds, Other'. 4. Indicate that you sold investments in 2021 by selecting 'Yes'. 5. Scroll down and select 'Cryptocurrency' and click on 'Start'. 6. Enter the details of your cryptocurrency losses, such as the date, amount, and type of cryptocurrency. 7. TurboTax will automatically calculate your losses and apply them to your tax return. That's all there is to it! Just follow these steps and you'll be able to claim your cryptocurrency losses on TurboTax.
  777259
• Mar 01, 2022 · 3 years ago
  To claim cryptocurrency losses on TurboTax, follow these steps: 1. Log in to your TurboTax account and navigate to the 'Federal' section. 2. Click on 'Deductions & Credits' and select 'Jump to a full list'. 3. Scroll down and choose 'Investment Income' and click on 'Start' next to 'Stocks, Mutual Funds, Bonds, Other'. 4. Indicate that you sold investments in 2021 by selecting 'Yes'. 5. Scroll down and select 'Cryptocurrency' and click on 'Start'. 6. Enter the details of your cryptocurrency losses, including the date, amount, and type of cryptocurrency. 7. TurboTax will automatically calculate your losses and apply them to your tax return. That's it! Just follow these steps and you'll be able to claim your cryptocurrency losses on TurboTax.
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