RobertB4444
Expert Alumni

Get your taxes done using TurboTax

It depends.  You said that you have no taxable income.  The catch to the 8949 and Crypto is that the IRS may or may not know what you paid for the stuff.  They definitely know how much total you received.  If you received enough money for selling your crypto so that you would have to file a tax return if it was profit then you should definitely file.  If not no worries.

 

So, just to be clear, that means if your total income before you deduct the amount that you paid for your crypto is greater than $12,950 then you should file the return.

 

@Dana3502 

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