DianeW777
Expert Alumni

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.

All of your transactions must be tracked so that when you must file your tax return each year you have what you need.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"