tax question on crypto gains

[sri_india]

@dasari4kntr look for 1099 nec or misc 

[Picheshwar]

13 minutes ago, dasari4kntr said:

1040 that is your tax filing to irs...

1099-XXX series you get from brokerage/exchange/securities companies about your year transactions...

Divya Thomas gadiki em telustadi difference.

[Punisher]

turbo tax has an option to pull your gains from cointracker directly.  

if <25 transactions cointracker can generate the reports 8949, Schedule d &  1

[dasari4kntr]

On 3/15/2022 at 6:08 PM, sri_india said:

@dasari4kntr look for 1099 nec or misc 

Yup…

got it…

also raised the question to the turbotax team waiting for them to respond

[dasari4kntr]

On 3/15/2022 at 6:26 PM, Punisher said:

turbo tax has an option to pull your gains from cointracker directly.  

if <25 transactions cointracker can generate the reports 8949, Schedule d &  1

Which one your using premier or self business version of turbotax…?

[dasari4kntr]

On 3/15/2022 at 6:08 PM, sri_india said:

@dasari4kntr look for 1099 nec or misc 

is there any limit of exemption..? i made profit just 4k...

Should i have to declare or skip..?

[AndhraPickles]

On 3/16/2022 at 3:10 AM, DalchanChekka said:

Naku ee stocks crypto evi workout avvavu. I never get free or easy money. Only blood and sweat.

Blood and sweat em chesthaav bro...freezer lo pettukuntaava....or .ammukuntaava...🤣

[DalchanChekka]

2 minutes ago, AndhraPickles said:

Blood and sweat em chesthaav bro...freezer lo pettukuntaava....or .ammukuntaava...🤣

That’s an idiom, you need to take it with a grain of salt.

[AndhraPickles]

1 minute ago, DalchanChekka said:

That’s an idiom, you need to take it with a grain of salt.

Adantaa telvadi....the point I want to convey is...blood n sweat are helpful to some point in money making like to earn initial investment, but then on wise entry at lo scores and grand exit at high scores is an easy way to earn money in any thing...patience and time....blood and sweat nammukunte riksha tholevadu and basthalu mosevadu kooda Forbes list lo join ayyevallu...

[sri_india]

1 hour ago, dasari4kntr said:

is there any limit of exemption..? i made profit just 4k...

Should i have to declare or skip..?

No , don't skip. IRS has access to your 1099 from your trading platform, they can track you