Get your taxes done using TurboTax

AmyC · ‎January 28, 2022

$30 of income does not qualify you to file a sch C. You do need to report the income. You can just type in the sale online under Cryptocurrency. You can type it in manually. The IRS does require you to mail your .csv file.

Did you purchase and hold like a stock or did you spend it - like it buying coffee at Starbucks. Personal use vs security holdings are treated differently. Both are taxed on gains. Also, if you had money in a foreign wallet, you may need to file the FATCA.

In addition, here is what the IRS wants your personal spreadsheet to look like.

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