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Need to report cryptocurrency on your taxes? Here’s how to use Form 8949 to do itYou’ll need to report those to the IRS when you file your taxes each year, and Form 8949 is the place to start. You’ll have to pay capital gains taxes on any profits, though you can receive a ...
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You could see this tax form for the 'first time ever' this season, taxpayer advocate saysaccording to the IRS. If you made a profit selling an item — meaning the sales price is more than what you originally paid — you need to report that gain on Form 8949 and Schedule D.
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