Do I have to report. For more information, read our cryptocurrency disposals should be reported are required to include cost software like CoinLedger can auto-generate tax reports in minutes.
The tax rate you pay on cryptocurrency disposals varies depending on several factors, including your income bracket and how long you held your crypto. The easiest way to add your cryptocurrency transactions to Form using TurboTax is to upload a CSV file with your short-term and long-term disposals. The following information must be reported on Form for every cryptocurrency disposal made during the tax year:. Share Post:. For more information, check out our complete guide to reporting crypto on your taxes.
