Legacy Tax & Resolution Services

Ask the Crypto TaxMan: I didn’t sell any coins, do I still have to file anything related to cryptocurrency transactions?

Ask the Crypto TaxMan:  I didn’t sell any coins, do I still have to file anything related to cryptocurrency transactions?

 

You may still have to file for Form 8949 if you traded on cryptocurrency for another, this would be a taxable event and you may have a gain or a loss.  If you true had NO activity, then it would not be reportable.  Remember purchases with cryptocurrency create a taxable event.

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