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Level 5
March 12, 2025
Question

crypto testnet token enquiry

  • March 12, 2025
  • 1 reply
  • 7 views

For the crypto, there is one called testnet token, which has no real value and  it is used to test the blockchain and help develop/optimize the program. Do I need to report the transactions on it to IRS? 

 

Thanks,

 

Helen

1 reply

DawnC
Level 15
March 12, 2025

No, you can ignore the testnet token transactions; those are not real transactions and do not affect your tax return.   

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Helen123Author
Level 5
March 13, 2025
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