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Get your taxes done using TurboTax
Yes, you must report any amount you receive for crypto transactions or trades (sales for tax purposes). You must determine the amount you received and then any cost you may have paid. These are treated like investment sales. Only the 'gain' is taxable to you. The guide below will help you to understand each type of transaction and how you need to account for it on your tax return.
- How do I report Bitcoin or other cryptocurrency as a capital gain?
- How is cryptocurrency like Bitcoin taxed?
- What is the difference between staking, crypto mining, and airdrops?
- Your Cryptocurrency Tax Guide
All of your transactions must be tracked so that when you must file your tax return each year you have what you need.
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‎April 11, 2022
10:07 AM