If you are a taxpayer who has received cryptocurrency income in 2018, you will need to report it on your tax return. Here is a guide on how to report crypto on H&R Block: 1. Report your crypto income on line 21 of your 1040 tax return. 2. Enter the fair market value of each […]
How To Report Crypto Mining
Cryptocurrency mining is the process of verifying and adding transactions to the blockchain. Miners are rewarded with cryptocurrency for their work. The process of mining can be resource-intensive and requires powerful hardware. Cryptocurrency mining can be reported in a number of ways. The most common way to report cryptocurrency mining is to report it as […]
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What Tax Forms Do You Need For Crypto
Cryptocurrencies are a relatively new form of investment, and as such, there is some confusion over what tax forms are needed to report cryptocurrency transactions. This article will clear up the confusion and outline which forms are needed for various types of cryptocurrency transactions. Reporting Buying and Selling Cryptocurrency When buying and selling cryptocurrency, you […]
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