Cryptocurrency Taxes

How do I report crypto mining taxes? If you mine cryptocurrency. If you earn cryptocurrency by mining it, it’s considered taxable income and might be reported on Form 1099-NEC at the fair market value of the cryptocurrency on the day you received it just as if it were self-employment income. Read more on turbotax.intuit.com The … Read more

Do I need to report crypto on taxes if you don’t sell? Buying crypto on its own isn’t a taxable event. You can buy and hold cryptocurrency without any taxes, even if the value increases. Tax filers must answer a question on Form 1040 asking if they had any type of transaction related to a … Read more