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, 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.