topic If I sell some crypto but do not take it out, do I have to report it and pay taxes on it? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/if-i-sell-some-crypto-but-do-not-take-it-out-do-i-have-to-report-it-and-pay-taxes-on-it/01/3109525#M1143680 Tue, 24 Feb 2026 08:04:54 GMT judyroberts091319671 2026-02-24T08:04:54Z If I sell some crypto but do not take it out, do I have to report it and pay taxes on it? https://ttlc.intuit.com/community/taxes/discussion/if-i-sell-some-crypto-but-do-not-take-it-out-do-i-have-to-report-it-and-pay-taxes-on-it/01/3109525#M1143680 Tue, 24 Feb 2026 08:04:54 GMT https://ttlc.intuit.com/community/taxes/discussion/if-i-sell-some-crypto-but-do-not-take-it-out-do-i-have-to-report-it-and-pay-taxes-on-it/01/3109525#M1143680 judyroberts091319671 2026-02-24T08:04:54Z Re: If I sell some crypto but do not take it out, do I have to report it and pay taxes on it? https://ttlc.intuit.com/community/taxes/discussion/re-if-i-sell-some-crypto-but-do-not-take-it-out-do-i-have-to-report-it-and-pay-taxes-on-it/01/3109529#M1143681 <P><SPAN>Hello:&nbsp; &nbsp;Your crypto is taxed when you you sell it.&nbsp; &nbsp;You will need to report the sale.&nbsp; &nbsp;The proceeds less the cost basis result in a gain or loss for tax purposes.&nbsp; &nbsp;</SPAN></P> <P>&nbsp;</P> <P><SPAN>Here is a link with further details:&nbsp;&nbsp;<A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/cryptocurrency/cryptocurrency-like-bitcoin-taxed/L8Z3rR59r_US_en_US?uid=loxr77f1" target="_blank" rel="noopener">https://ttlc.intuit.com/turbotax-support/en-us/help-article/cryptocurrency/cryptocurrency-like-bitcoin-taxed/L8Z3rR59r_US_en_US?uid=loxr77f1</A></SPAN></P> Wed, 15 Nov 2023 17:05:56 GMT https://ttlc.intuit.com/community/taxes/discussion/re-if-i-sell-some-crypto-but-do-not-take-it-out-do-i-have-to-report-it-and-pay-taxes-on-it/01/3109529#M1143681 evelynm 2023-11-15T17:05:56Z