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How to report gain/loss of crypto currency on schedule D as…

How to report gain/loss of...
How to report gain/loss of crypto currency on schedule D as they did not give any 1099B
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3/13/2018
Chad EA, CFP ®
Chad EA, CFP ®, CERTIFIED FINANCIAL PLANNER TM, Professional
Category: Tax
Satisfied Customers: 2,180
Experience: Federally licensed IRS Enrolled Agent, Certified Financial Planner (R), MBA
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Hello!

My name is***** will assist you today.

Please give me one moment while I review your question and type my initial response

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You will first complete IRS Form 8949 Sales and Other Dispositions of Capital Assets, which I have linked to below.

https://www.irs.gov/pub/irs-pdf/f8949.pdf

___

For short term gains you will report in Part I

(C) Short-term transactions not reported to you on Form 1099-B

For long term gains you will report in Part II

(F) Long-term transactions not reported to you on Form 1099-B

These numbers will then carry over to Schedule D

Here is the link to IRS Form 8949

https://www.irs.gov/pub/irs-pdf/f8949.pdf

Please let me know if this has answered your question or if you have any additional questions.

When you have no further questions a positive rating of 5 stars is much appreciated.

Thank you!

Chad EA, CFP ®
Chad EA, CFP ®, CERTIFIED FINANCIAL PLANNER TM, Professional
Category: Tax
Satisfied Customers: 2,180
Experience: Federally licensed IRS Enrolled Agent, Certified Financial Planner (R), MBA
Verified
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Chad EA, CFP ®
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Category: Tax
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Experience: Federally licensed IRS Enrolled Agent, Certified Financial Planner (R), MBA

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