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Common questions about Dispositions in Lacerte

by Intuit Updated 5 months ago

Form 4797, 1099-B, Form 8949, Schedule D:

In most cases cryptocurrency or virtual currency is reported on the tax return in the same manner as property such as stock or other capital gains or losses. See Frequently Asked Questions on Virtual Currency and Digital Assets Transactions for the IRS guidelines. If you are reporting Digital Assets transactions in the 1040 return, be sure to mark the Yes box on the "At any time during 2023, did you: (a) receive (as a reward, award, or payment for property or services); or (b) sell, exchange, gift, or otherwise dispose of a digital asset (or a financial interest in a digital asset)?" question.

Form 6252 - Installment Sale:

Form 8824 - Like Kind Exchange:

Form 4684 - Casualties and Thefts:

Schedule D Import:

Lacerte Tax

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