What are the steps to enter cryptocurrency in TurboTax Premier?

1 answers

• Dec 26, 2021 · 3 years ago
  Absolutely! Let me walk you through the steps to enter cryptocurrency transactions in TurboTax Premier: 1. Open TurboTax Premier and go to the section for investment income. 2. Look for the option to add a new investment or brokerage account. 3. Choose the cryptocurrency or virtual currency option. 4. Fill in the details of your crypto transactions, including the date, amount, and cost basis. 5. If you have multiple transactions, you can manually enter them or import them using a CSV file. 6. Take a moment to review the information you've provided for accuracy. 7. Continue with the rest of your tax return and complete the filing process. Remember, accurately reporting your cryptocurrency activities is essential for compliance with tax regulations. If you have any specific concerns, it's advisable to seek guidance from a tax professional.
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