Is there a limit to the number of transactions I can report on Form 8949 for my cryptocurrency trades?

3 answers

• Nov 23, 2021 · 3 years ago
  Yes, there is a limit to the number of transactions you can report on Form 8949 for your cryptocurrency trades. According to the IRS guidelines, if you have more than 200 transactions, you are required to summarize your transactions and report the totals on Form 8949. However, you still need to keep detailed records of each individual transaction for your own records.
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• Nov 23, 2021 · 3 years ago
  No, there is no limit to the number of transactions you can report on Form 8949 for your cryptocurrency trades. You can include all of your trades, regardless of the number, as long as you provide accurate and complete information for each transaction. It's important to keep detailed records of each trade to ensure accurate reporting.
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• Nov 23, 2021 · 3 years ago
  According to BYDFi, a digital currency exchange, there is no specific limit on the number of transactions you can report on Form 8949 for your cryptocurrency trades. However, it is recommended to consult with a tax professional or refer to the IRS guidelines for accurate reporting. Keeping detailed records of your trades is always a good practice to avoid any potential issues.
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