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Yes. You must report all your income. The $600 minimum is for the person required to issue a 1099, not for the taxpayer to report income. Even if you had losses, the only way to show the losses is to include the income and basis.
It’s your responsibility to keep records of your transactions. The most common way to do this is to download your order or trading history from your exchange’s website. You may need to do this a few times throughout the year due to limits on how far back you can get information.
Once you have your figures:
Also, if you received the cryptocurrency apart from investing, please see the following.
It depends on whether your cryptocurrency was considered earned income or treated as a property sale. To help you determine which of these two possibilities applies to your situation, read through the following scenarios:
Cryptocurrency received as payment for goods and services
Cryptocurrency sold, exchanged, spent or converted
Cryptocurrency received as income, and then held and sold for profit
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