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?
Best Answer Click here
Sch D, 1099B worksheet, summarize into 1 transaction since therye all short term.
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.
Sch D, 1099B worksheet, summarize into 1 transaction since therye all short term.
Would you attach the 8949's?
Personally I wouldnt, but lots of people do, the chances of any human ever laying eyes on the attachment, is slim to none.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.