Taxpayers must report transactions that result in income, gains or losses during the tax year, according to tax experts.

When crypto first gained prominence more than 15 years ago, one of the big selling points of the currency was its lack of ties to any specific government. Unlike fiat currency, cryptocurrency offered ...

Crypto investors can expect to receive a new tax form this year from exchanges such as Coinbase and Robinhood.

We are officially entering the ‘crypto tax enforcement era’, but the new rules, written by people who don’t understand crypto, could have some big repercussions for the industry as a whole.

The Biden administration wants to get tougher on tax cheats — and cryptocurrency is an area of interest. Virtual currencies like bitcoin and ethereum, which are collectively valued around $2 trillion, ...

Professionals have a major piece of advice for those who traded cryptocurrency for the first time last year: Take your tax prep seriously. The IRS has been zooming in on cryptocurrency reporting with ...

Don't assume the IRS doesn't know about your cryptocurrency transactions simply because you didn't swap your digital coins for cash. The No. 1 mistake crypto traders tend to make is assuming that the ...

Senator Cynthia Lummis (R-WY) has introduced a sweeping digital asset tax reform bill aimed at modernizing how cryptocurrencies are taxed in the United States, renewing her efforts to ease regulatory ...