How Do You Report Short Term 1099-DA Crypto Gains on Form 8949 (Step-by-Step Fix) скачать в хорошем качестве

How Do You Report Short Term 1099-DA Crypto Gains on Form 8949 (Step-by-Step Fix)

IRS Form 1099-DA is reported by exchanges under Internal Revenue Code Section 6045(g), but taxpayers must report cryptocurrency gains under Treasury Regulation 1.1012-1(j). If you copy the 1099-DA directly onto IRS Form 8949 without adjustment, your capital gains may be reported incorrectly. In this video, Clinton Donnelly, founder of CryptoTaxAudit, explains: • Why exchange reporting and taxpayer reporting follow different rules • How transferred crypto creates lot-order mismatches • Why 1099-DA proceeds may not reflect your actual cost basis • How to subtract exchange-reported proceeds on Form 8949 • How to enter your correct crypto gain summary • How to reconcile reporting without triggering IRS correspondence This applies to traders using Coinbase and other exchanges that issue 1099-DA forms. If you traded across wallets and exchanges, this matters. 📞 Book a professional crypto tax review: https://www.cryptotaxaudit.com/crypto... ⏱ CHAPTERS 00:00 The 1099-DA reporting problem 00:10 Example: buy two Bitcoin on an exchange 02:20 The fix overview: subtract 1099-DA, add real gains 02:40 Where it shows up: IRS Form 8949 02:50 Pick the right 8949 box (G, H, I) 03:10 Line 1: enter “1099-DA”, dates “various”, proceeds total 03:40 Column G: negative proceeds adjustment, total gain zero 04:00 Line 2: enter your crypto tax software summary totals 04:40 When it’s NOT a problem (one exchange, no transfers) 05:00 Recap: subtract 1099-DA, then add your real totals #1099DA #CryptoTaxes #IRS #Form8949 #CryptoTaxAudit #CapitalGains #BitcoinTaxes #cryptoreporting Disclaimer: This video is for educational and informational purposes only and does not constitute legal, tax, or financial advice. Tax laws and IRS procedures can change, and every situation is unique. You should consult with a qualified tax professional before taking any action based on this content. Watching this video does not create a client relationship with Clinton Donnelly or CryptoTaxAudit. For personalized guidance, visit 👉 https://www.cryptotaxaudit.com/crypto... 🔎 RELATED SEARCH TERMS: how to report 1099-da on form 8949, irs form 1099-da crypto reporting, why 1099-da numbers don’t match, crypto tax reporting 2026, form 8949 crypto example, 1099-da audit risk, coinbase 1099-da cost basis problem, cryptocurrency tax reporting rules, subtract 1099-da proceeds, crypto gain reconciliation