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Get your taxes done using TurboTax
Nothing, if you have not sold, traded, or spent any of the cryptocurrency in a transaction, then there is nothing required to be reported on your tax return.
Simply purchasing and holding a cryptocurrency is not a taxable or reportable transaction. If you sold, traded, or spent cryptocurrency in any amount, then you do have a transaction that must be reported on your return.
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March 15, 2021
7:20 AM