Cryptocurrency Taxes: The Ultimate Tax-Reporting Guide

ℹ️ Disclosure: We may receive compensation from the platforms reviewed in this article. Read our full Affiliate Disclosure.

Table of Contents

The IRS treats cryptocurrency as property, meaning every crypto-to-fiat sale, crypto-to-crypto trade, or purchase using digital tokens triggers a taxable event subject to capital gains reporting.

Taxable vs Non-Taxable Crypto Events

  • Taxable Events: Selling crypto for cash, trading one coin for another (e.g. BTC to ETH), receiving staking rewards or mining payouts.
  • Non-Taxable Events: Buying crypto with fiat currency (cash), moving assets between wallets you own, donating crypto to a tax-exempt charity.
Amine

Written by Amine

Founder of ProsFortune

Amine is the Founder of ProsFortune. He specializes in personal finance, systematic index investing, algorithmic tool construction, and retirement wealth indexing. Learn more on his biography page.

Personal Finance Fintech Wealth Building

Leave a Comment