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Question

Cryptocurrency Futures

Forum|Forum|4 years ago
August 6, 2021
1 reply
0 views

Hello,

I was wondering if TurboTax Premier (or any TurboTax product) allows for processing taxes associated with trading of cryptocurrency (e.g., bitcoin) futures without having to file a paper form? Can anyone help with that?

Thanks!

Crypto futures are pretty new to the landscape so rules may change but right now you report your gains or losses from 1256 contracts on form 6781 and that's a LOT easier than reporting every single stock trade.