IRS Fact Sheet: Reporting Crypto, Other Digital Asset Transactions on Tax Returns

Taxpayers who sold crypto, received it as payment, or had other digital asset transactions need to accurately report the transactions by answering the digital asset question on their tax returns, the IRS announced. The digital asset question appears on the top of Form 1040, Individual Income Tax Return (1040-SR, U.S. Tax Return for Seniors, and 1040-NR, U.S. Nonresident Alien Income Tax Return), as well as Form 1041, U.S. Income Tax Return for Estates and Trusts, Form 1065, U.S. Return of Partnership Income, Form 1120, U.S. Corporation Income Tax Return; and Form 1120-S, U.S. Income Tax ...