hxtudou
Returning Member

Is Crypto Income Producing Property?

Hi on Form 4684 Section B it says

SECTION B—Business and Income-Producing Property
Use Section B to figure casualty or theft gains and losses for property that is used in a trade or business or for income-producing purposes.

 

Is crypto income-producing property?  Form 4684 instruction says things like stock, bonds, etc. 

So crypto would also be since most people buy it for investment?

Income-producing property is property held for investment, such as stocks, notes, bonds, gold, silver, vacant lots, and works of art.