The following post by theFoot58 is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/r/ BitcoinMarkets/comments/awd5pj
The original post's content was as follows:
I'm not a CPA or accountant
Helpful hint if you are too cheap to hire a CPA.
Buy TurboxTax, the cheapest version.
Go through all their interactive 'we'll guide you' stuff until you you are asked about 'Investment Income', 1099B or broker statements. It will ask you all kinds of questions, play close attention and answer correctly.
There are three basic scenarios:
1) You get 1099B from your brokerage, and that represents ALL of your crypto taxable events
2) You don't get a 1099B from your brokerage, and you have crypto taxable events
3) You get a 1099B from your brokerage, and you have additional, unreported crypto taxable events.
The best way to determine if you did things correctly is to review your return after it's done. If you did things correctly your tax return will contain one or more 8949 forms.
Scenario 1 and 2, you should have one form 8949 in your return
Scenario 3 you should have TWO form 8949s in your return.
Good luck
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