ThomasM125
Expert Alumni

Get your taxes done using TurboTax

The IRS will ask you if you received, exchanged or sold any digital assets during the year. If so, it is up to you to report income associated with that on your tax return. If you report the income listed on the 1099 forms that you reference and any other income you received from digital assets during the year then you will be in compliance. You don't need to do anything special to indicate that you are reporting income from digital assets, you just need to make sure you report the income.

 

You can read more here: Digital asset transactions

 

 

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