![]() ![]() Identity document that shows your old name.If you change your name due to marriage, divorce, or annulment, you must also provide: You must provide original documents since the SSA won’t accept photocopies. You must also show a recently issued original document, like a marriage certificate, as proof of your legal name change. You can download the form at Take your completed application to your local Social Security office. Use Form SS-5: Application for a Social Security Card to change your name on your Social Security card. ![]() This applies to anyone on your return, including: The IRS will reject your return if the Social Security number (SSN) on your return doesn’t match the name it’s associated with on your return. If you keep your maiden name when you marry, you don’t need to notify the SSA. It will update your Social Security record and send you a new Social Security card with your correct name. Both Premier and Self-Employment support cryptocurrency tax reporting.If you legally change your name for marriage or any other reason, you must tell the Social Security Administration (SSA). Head to TurboTax Online and select your package. Navigate to TurboTax Online and select the Premier or Self-Employment package Here’s how you can generate a complete gain/loss report on the online version of TurboTax. How to enter crypto gains and losses into TurboTax Import your gains and losses with a click: Once you’ve imported your crypto transaction history and generated your crypto tax reports within CoinLedger, you’ll be able to import them directly into TurboTax with the click of a button. If you need assistance at any point, our support team is ready and available for all of our customers. Get the support you need: We know that trying to report your taxes on your own can be difficult. Highly capable: CoinLedger is designed to serve crypto investors in any circumstance and integrates with dozens of exchanges including Coinbase, Kraken, and Gemini. Looking for crypto tax software to use with TurboTax? Here’s why you should choose CoinLedger. What’s the best crypto tax software to use with TurboTax? TurboTax partners with CoinLedger to simplify the process for users. Luckily, there is an easy way to report your cryptocurrency taxes. At this time, TurboTax does not pull transactions from Coinbase and other crypto exchanges automatically. However, it’s important to note that Coinbase has stated that it no longer issues Form 1099-B to customers. If you have more than a handful of cryptocurrency transactions, trying to report your crypto transactions directly within TurboTax alone can get complicated.Īt this time, TurboTax allows users to import transactions from Coinbase through Form 1099-B. ![]() ![]() However, TurboTax’s cryptocurrency functionality is limited. TurboTax does allow users to report cryptocurrency on their taxes. Can I file cryptocurrency taxes on TurboTax? Examples of earning cryptocurrency income include earning staking income or airdrop rewards.įor a more detailed explanation, check out our complete guide to cryptocurrency taxes. Ordinary Income: If you earn cryptocurrency directly, you’ll recognize ordinary income based on the fair market value of your coins at the time you received them. Examples of cryptocurrency disposals include selling your cryptocurrency or trading your coins for another cryptocurrency. Remember, cryptocurrency is considered a form of property subject to capital gains and income tax.Ĭapital gains: If you dispose of your cryptocurrency, you incur a capital gain or loss. The basics of cryptocurrency taxesīefore we dive into how you can report your cryptocurrency trades on TurboTax, let’s review the basics of crypto taxation. In this guide, we break down the basics of cryptocurrency taxes and walk through the step-by-step process for crypto and bitcoin tax reporting within TurboTax-both online and desktop versions. To enable this functionality, the TurboTax team has partnered with CoinLedger. TurboTax allows cryptocurrency users to report their cryptocurrency taxes directly within the TurboTax app. ![]()
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