Cryptocurrency and Virtual Currency Accounting
Real Estate and Construction Accounting
Hey Saim! I know that crypto is taxed as a capital asset, so how do I report that on my tax return?
This is one of those filings you definitely want to get right to avoid getting fined. You’ll need three forms:
Form 8949 reports sales and exchanges of capital assets. Schedule D is where you’ll report gain or loss transactions. There are additional forms you may need, depending on your case. I’d highly recommend getting help from an expert on this one!
© Saim Akif, 2021