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Common questions about Form 1040 Schedule D in ProConnect

SOLVEDby IntuitProConnect Tax9Updated July 14, 2022

Click on the links below to view answers to frequently asked questions regarding the Schedule D in individual returns.

In most cases cryptocurrency or virtual currency is reported on the tax return in the same manner as property such as stock or other capital gains or losses. See Frequently Asked Questions on Virtual Currency Transactions for the IRS guidelines. If you are reporting virtual currency transactions in the 1040 return, be sure to mark the Yes box on the "At any time during 2021, did you receive, sell, exchange, or otherwise dispose of any financial interest in any virtual currency" question.

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