Form 8949 is used to report capital gains and losses from cryptocurrency transactions. Here’s how to fill it out: 1. Start by reporting the total amount of gain or loss from all of your cryptocurrency transactions. This is the sum of your gains and losses for the year. 2. If you have a net gain, […]
What Cost Basis To Use For Crypto
When it comes to calculating your cost basis for cryptocurrencies, there are a few different methods you can use. In this article, we’ll go over each of them and help you decide which is the best option for you. First, let’s define cost basis. Cost basis is simply the amount you paid for an asset, […]
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