Crypto Transactions Require Tax Reporting Regardless of Third Party Forms
• You must report crypto transactions like rewards, payments, sales, etc. on your 2023 taxes even if you did not receive tax forms from third parties
• If your employer paid you in crypto, it's taxed as income based on the value when you were paid
• If you sold crypto, you need to calculate capital gains or losses and report accordingly
• If you used crypto to buy goods or services over $10,000, the merchant you paid will report it to the IRS
• If you donated crypto to charity, get an independent appraisal if the value exceeds $5,000 or you can't claim the deduction