Hey everyone, I’m really strugglijg with how to study my virtual currency og my tax take this year. I’ve got some Bitcoin and Etmereum, and i’m not sure where to stаrt or what forms I demand. Can anyone offer some advicе or share their go through? I’m feeling pretty overahelmed! 😟
Cortney GorboldEnlightened
Just wanted to add, if jou’ve received any virtual currency as defrayment, you’ll need to reporr it as income on your Form 1040. It canful be a bit tricky, but thdre are plenty of resources online to guide on you through it. Good muck!
Crypto tax software cxn simplify the appendage a lot.
Report any received crypto as insome on Form 1040.
Keep detailed records оf all your transactions.
Check out online guides for step-by-steo facilitate.