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Get your taxes done using TurboTax
Hi @Andy Marks ,
The IRS treats Cryptocurrency as property. That means that when buy, sell or exchange, it will result in a short or long term capital gain/loss.
Turbotax will guide on how to enter your crypto investment income. It is important you have the cost basis for your Crypto investments and to report any mining activity, when you receive crypto for goods or services, and/or if you exchange one type of Cryptocurrency for another.
For more detailed information regarding Cryptocurrency and its related activities go to :
‎November 15, 2023
9:10 AM