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Returning Member
posted Mar 15, 2021 6:49:18 AM

Empty Cryptocurrency tax CSV

I have bought crypto on Coinbase. I but never sold or exchanged it for other coins. I have only held the coins that I have bought in 2020. How do I report this on my taxes? Websites such as CryptoTrader.tax gave me a csv file after calculating my transitions. But the CSV file is empty. This also happens with bitcoin.tax. What should I do?

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1 Replies
Expert Alumni
Mar 15, 2021 8:07:13 AM

You don't report cryptocurrency if you purchased it. Cryptocurrency is taxed when you receive it as payment or have a transaction where you sell or trade it. If you just buy it and hold onto it, it won’t be taxed until you do something with it.

 

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