Ask the Crypto TaxMan: If I hold coins in a personal wallet and HODL them, do I still have anything to report?
If you have not sold or exchanged anything, then you do not have a taxable event and have nothing to report, Remember, it is CRITICAL
Legacy Tax & Resolution Services
If you have not sold or exchanged anything, then you do not have a taxable event and have nothing to report, Remember, it is CRITICAL
While you do not have to file Form 8949, it is CRITICAL that you answer yes to this question. This would be equivalent to those
If you had mining, staking, or airdrop income, yes, it would be reportable even if you had no other coin sales.
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
As with any broker/securities fees incurred from cryptocurrency exchanges should already be part of the net proceeds. So, in essence they are already factored in.
A few months ago, the IRS was successful in suing Coinbase for their customer list. Coinbase had to turn over 15,000 names of US Taxpayers
Crytocurrency Non-Filers Should File or Face Potential Large Penalties A few months ago, the IRS was successful in suing Coinbase for their customer list. Coinbase
Cryptocurrency Tax Enforcement Because no centralized institution records each cryptocurrency transaction on the blockchain, it is inherently more difficult for the IRS to track these
Ask the Crypto TaxMan: What records do I have to have to property report my cryptocurrency transactions? Taxpayers are required to report every sale or