Form 8949 Crypto transactions

Forum|Forum|3 years ago
February 3, 2023
2 replies
31 views

My client just gave me 21 Form 8949's that were given to him by Coinbase.

Over 300 individual transactions. All short-term transactions, none were reported on a Form 1099-B

Any thoughts as far a reporting?

ProSeries Professional

This topic has been closed for replies.

Best answer by Just-Lisa-Now-

Sch D, 1099B worksheet, summarize into 1 transaction since therye all short term.

J

jeffmcpa2010

Level 10

Well IF I decided to deal with clients who were active in digital currencies, I would probably put the totals of the coinbase pages in as one entry, and attach a pdf of the detail pages.

Again. That's a big IF at this point in my life.

Skylane

Intuit Community Champion

Summarize and attach

If at first you don’t succeed…..find a workaround

Just-Lisa-Now-

Answer

Intuit Community Champion

Sch D, 1099B worksheet, summarize into 1 transaction since therye all short term.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

J

jhbvtacpaAuthor

Level 5

Would you attach the 8949's?

Just-Lisa-Now-

Intuit Community Champion

Personally I wouldnt, but lots of people do, the chances of any human ever laying eyes on the attachment, is slim to none.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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