Do i need to report cryptocurrency on my taxes

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Gather your transaction history 2.

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CRYPTO TAX LAWYER Explains: How to LEGALLY Avoid Crypto Taxes
You're required to pay taxes on crypto. The IRS classifies cryptocurrency as property, and cryptocurrency transactions are taxable by law. In short: yes, you need to report all crypto activity on your taxes. The IRS mandates that all crypto sales be reported, classifying. If you have disposed a crypto-asset on account of business income, you must report the full amount of your profits (or loss) from the.