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A CLIENT RECEIVED AN INCOME FROM CRYPTOCURRENCY, 1099-B AND BOX 6 CHECKED WHERE SHOULD I REPORT THE COST?

ar808
Level 2
 
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5 Comments 5
abctax55
Level 15

8949

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
PATAX
Level 15

Abc, I wonder if he is a tax preparer?

Just-Lisa-Now-
Level 15
Level 15

What's box 6?


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
abctax55
Level 15

Or she?

if so, then 8949 will make sense.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
jeffmcpa2010
Level 11

I wouldn't report it at all..

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.I would leave that to his new tax preparer.