Crypto

[Kassel311]

If I sell my crypto and use some of it to put a downpayment on a home, what exactly is getting taxed? 

[MelanieC1]

Hi @Kassel311  ,

Congratulations on the purchase of a new home! 

If you sell your crypto to purchase a home the gain or loss on the entire sale of the crypto would need to be reported on your tax return as a capital gain or loss on Schedule D.  The purchase of the home is not relevant in determining gains or losses.

Thank you!

MelanieCPA