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posted Jan 29, 2024 8:58:39 AM

As a crypto mining business, I sold some mined crypto from Coinbase to buy more "mining assets." Does this mean I still need to report as a "sold" from my personal taxes?

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1 Best answer
Employee Tax Expert
Jan 29, 2024 10:29:42 AM

Yes, you must report the sale of all crypto assets, even if you purchased other crypto with the proceeds.

 

See this article for more information: TurboTax Cryptocurrency Guide.

1 Replies
Employee Tax Expert
Jan 29, 2024 10:29:42 AM

Yes, you must report the sale of all crypto assets, even if you purchased other crypto with the proceeds.

 

See this article for more information: TurboTax Cryptocurrency Guide.