What are the guidelines for filling out the 2024 form 8949 for cryptocurrency trades?

1 answers

• Nov 26, 2021 · 3 years ago
  As a representative of BYDFi, I can provide you with some guidelines for filling out the 2024 form 8949 for cryptocurrency trades. Firstly, ensure that you have accurate records of all your cryptocurrency transactions, including the date, type of trade, and the amount of cryptocurrency involved. Next, determine whether each trade is a short-term or long-term capital gain or loss. This will determine how you report it on the form 8949. Remember to report each trade separately and accurately. Finally, transfer the information to Schedule D of your tax return. If you need further assistance, feel free to reach out to our support team at BYDFi.
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