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Is there a minimum amount, in regards to digital assets, that I don't need to report? Like $1-3 transactions

 
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2 Replies

Is there a minimum amount, in regards to digital assets, that I don't need to report? Like $1-3 transactions

did you SELL $1-3 dollars of digital assets?

Only sell transactions are reported on Schedule D.

 

IRS requires details of your sell transactions to be supplied on some Form 8949,
or on your other forms (e.g. consolidated 1099-B or spreadsheet) which have the same information and in the same manner as Form 8949.

JulieS
Expert Alumni

Is there a minimum amount, in regards to digital assets, that I don't need to report? Like $1-3 transactions

No, there is not a minimum amount that does not need to be reported. Whether or not you have to report your digit asset transactions depends on the nature of those transactions.

 

Click here to see a guide to reporting your digital assets.

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