What are the steps to enter my cryptocurrency transactions on TurboTax using Form 1099-B?

7 answers

• Mar 01, 2022 · 3 years ago
  Sure, I can help you with that! To enter your cryptocurrency transactions on TurboTax using Form 1099-B, follow these steps: 1. Log in to your TurboTax account and select the 'Federal' tab. 2. Click on 'Wages & Income' and then select 'I'll choose what I work on'. 3. Scroll down and click on 'Investment Income' and then select 'Start' next to 'Stocks, Mutual Funds, Bonds, Other'. 4. On the next page, select 'Yes' when asked if you sold any investments in 2021. 5. Scroll down and click on 'Yes' when asked if you got a 1099-B or a brokerage statement. 6. Enter the name of your brokerage firm and click 'Continue'. 7. TurboTax will then guide you through entering your cryptocurrency transactions based on the information provided on your Form 1099-B. Please note that if you have multiple 1099-B forms or transactions from different exchanges, you'll need to enter them separately. Make sure to have all your necessary documents and information ready before starting the process.
  986493
• Mar 01, 2022 · 3 years ago
  No worries, I've got you covered! Here's a step-by-step guide on how to enter your cryptocurrency transactions on TurboTax using Form 1099-B: 1. Log in to your TurboTax account and navigate to the 'Federal' section. 2. Click on 'Wages & Income' and select 'I'll choose what I work on'. 3. Scroll down and click on 'Investment Income' and choose 'Start' next to 'Stocks, Mutual Funds, Bonds, Other'. 4. On the next page, indicate that you sold investments in 2021 by selecting 'Yes'. 5. Scroll down and select 'Yes' when asked if you received a 1099-B or a brokerage statement. 6. Enter the name of your brokerage firm and click 'Continue'. 7. TurboTax will then guide you through the process of entering your cryptocurrency transactions based on the information provided on your Form 1099-B. Remember to have all the necessary documentation and details ready before you begin.
  878293
• Mar 01, 2022 · 3 years ago
  Of course, I'd be happy to assist you! Here are the steps to enter your cryptocurrency transactions on TurboTax using Form 1099-B: 1. Log in to your TurboTax account and go to the 'Federal' section. 2. Click on 'Wages & Income' and select 'I'll choose what I work on'. 3. Scroll down and click on 'Investment Income' and choose 'Start' next to 'Stocks, Mutual Funds, Bonds, Other'. 4. Indicate that you sold investments in 2021 by selecting 'Yes' on the next page. 5. Scroll down and select 'Yes' when asked if you received a 1099-B or a brokerage statement. 6. Enter the name of your brokerage firm and click 'Continue'. 7. TurboTax will then guide you through the process of entering your cryptocurrency transactions based on the information provided on your Form 1099-B. Make sure to have all the necessary information and documents ready before you begin.
  861216
• Mar 01, 2022 · 3 years ago
  Entering your cryptocurrency transactions on TurboTax using Form 1099-B is a straightforward process. Here's what you need to do: 1. Log in to your TurboTax account and navigate to the 'Federal' section. 2. Click on 'Wages & Income' and select 'I'll choose what I work on'. 3. Scroll down and click on 'Investment Income' and choose 'Start' next to 'Stocks, Mutual Funds, Bonds, Other'. 4. On the next page, indicate that you sold investments in 2021 by selecting 'Yes'. 5. Scroll down and select 'Yes' when asked if you received a 1099-B or a brokerage statement. 6. Enter the name of your brokerage firm and click 'Continue'. 7. TurboTax will then guide you through the process of entering your cryptocurrency transactions based on the information provided on your Form 1099-B. Remember to gather all the necessary details and documents before you begin.
  858172
• Mar 01, 2022 · 3 years ago
  BYDFi provides a seamless integration with TurboTax for entering your cryptocurrency transactions using Form 1099-B. Simply follow these steps: 1. Log in to your TurboTax account and navigate to the 'Federal' section. 2. Click on 'Wages & Income' and select 'I'll choose what I work on'. 3. Scroll down and click on 'Investment Income' and choose 'Start' next to 'Stocks, Mutual Funds, Bonds, Other'. 4. Indicate that you sold investments in 2021 by selecting 'Yes' on the next page. 5. Scroll down and select 'Yes' when asked if you received a 1099-B or a brokerage statement. 6. Enter the name of your brokerage firm and click 'Continue'. 7. TurboTax will then guide you through the process of entering your cryptocurrency transactions based on the information provided on your Form 1099-B. Make sure to have all the necessary information and documents ready before you begin.
  880147
• Mar 01, 2022 · 3 years ago
  Entering your cryptocurrency transactions on TurboTax using Form 1099-B is a breeze! Just follow these steps: 1. Log in to your TurboTax account and go to the 'Federal' section. 2. Click on 'Wages & Income' and select 'I'll choose what I work on'. 3. Scroll down and click on 'Investment Income' and choose 'Start' next to 'Stocks, Mutual Funds, Bonds, Other'. 4. Indicate that you sold investments in 2021 by selecting 'Yes' on the next page. 5. Scroll down and select 'Yes' when asked if you received a 1099-B or a brokerage statement. 6. Enter the name of your brokerage firm and click 'Continue'. 7. TurboTax will then guide you through the process of entering your cryptocurrency transactions based on the information provided on your Form 1099-B. Remember to have all the necessary information and documents handy before you start.
  839120
• Mar 01, 2022 · 3 years ago
  No problem, I can walk you through it! Here's how to enter your cryptocurrency transactions on TurboTax using Form 1099-B: 1. Log in to your TurboTax account and navigate to the 'Federal' section. 2. Click on 'Wages & Income' and select 'I'll choose what I work on'. 3. Scroll down and click on 'Investment Income' and choose 'Start' next to 'Stocks, Mutual Funds, Bonds, Other'. 4. On the next page, indicate that you sold investments in 2021 by selecting 'Yes'. 5. Scroll down and select 'Yes' when asked if you received a 1099-B or a brokerage statement. 6. Enter the name of your brokerage firm and click 'Continue'. 7. TurboTax will then guide you through the process of entering your cryptocurrency transactions based on the information provided on your Form 1099-B. Make sure to have all the necessary information and documents ready before you begin.
  860108