Crypto

[LWEME]

If you have purchased cryptocurrency, but have not sold any, do you have to report anything about that?

[DoninGA · Accepted solution]

If nothing has been sold then you do not have anything to report on a tax return.

[Loretta P · Accepted solution]

Buying cryptocurrency isn’t a taxable event by itself. You can choose to buy and hold cryptocurrency for as long as you’d like without paying taxes on it, even if the value of your position increases.

Your Crypto Tax Guide