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crypto n taxes

Original Post

Hey all, i wanted to get some insights on tax return filing with crypto. I'm not heavily involved but have some transactions and tax docs being sent from the platforms. I wasn't sure so filed my return without crypto files. How do I amend it, would I be able to do so next year? TIA

SRV44
Feb 20, 2022 1:12 PM · 15,396 views
3 Replies
laffinbuddha Feb 20, 2022 1:18 PM
consult a tax guy.
Atiranjeet Feb 21, 2022 8:56 PM
You can try crypto.com tax
A Square Accounting Feb 28, 2022 3:43 PM
Hello SRV44, As a tax professional/ accountant, I recommend filing a amendment before you receive letter from IRS. The one copy of your 1099s are sent to IRS and another to you by your crypto brokerage bank or financial institution. Usually IRS will try to match the incomes, forms and eventually will send a interest/ penalty notice to you. Its better to amend return in timely manner than wait for that letter. If there was capital loss, then those can be carried forward as well. I can provide you free consultation if you want to discuss this matter further. Regards Jiwan Guragain (J) A Square Accounting services Ph: 406-345-5166 asquare.acctservices@gmail.com Last edited: 28-Feb-22 03:44 PM
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