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coinbase gains & losses
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sillysyl
Level 2
03-06-2022
01:17 PM
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Just need to confirm the process. Your responds are appreciated.
I know that coinbase is entered as a schedule D on 8949 worksheet, my main questions is:
Converted coinbase on 01/17/2021 is this taxable?
the same converted coinbase was then sold on 03/22/2021 is this considered they only transaction?,
I noticed that coinbase does not show losses, I'm assuming that I would be calculating the losses to be entered?
Thank you
Sylvia, TaxWiz
1 Comment 1
Terry53029
Level 14
03-06-2022
02:36 PM
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coinbase is a place to buy and sell virtual currency (bitcoin) The member can download many different kind of reports including capital gains/loss. Have your client download the report showing capital gains/loss
