Virtual Currency
Do you own digital assets?
If you are using cryptocurrency in any form, or buying and selling digital assets such as NFTs, we may need to know.
Transactions that may affect your tax return include:
▶ Buying and selling (other than buying and holding)
▶ Exchanging one virtual asset for another
▶ Receiving crypto or assets from others
▶ Making purchases with crypto
▶ Mining or staking
▶ Receiving assets via airdrop or hard fork
▶ Donating digital assets to charity
Information Needed
If you have any type of crypto or digital asset activity, discuss with your preparer.
If you have sold or exchanged virtual currency, we need tax forms generated by a cryptocurrency tax service. We recommend ledgible.io, but you can use any service that can generate IRS forms 8949 reporting your activity.
If you cannot generate forms on your own, we may be able to help if you do all your trading in a single account and can provide a CSV file of your trading history from your exchange.