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Virtual Currency Now on the 2020Tax Return Form- How to file Crypto Taxes


For years now, we have not had to report to the government about our buying and selling of virtual money until this year 2021 for our 2020 tax returns.


I called my accountant to inform him that I received a form from some of the exchanges that I deal with stating that they reported the purchase of virtual currency to the government.

I was surprised to see that this happening right now. So my question to you is: 

 Have you received any information from Coinbase, Square, and some of the other exchanges stating that they are reporting your cryptocurrency purchases to the government.

If you did not get a statement in the mail then you were sent an email stating to print out the form.

If you have been purchasing cryptocurrency, please keep all of your records from all of the exchanges that you have made a purchase with to ensure whether you have profits or losses.


Consult with a Tax Accountant to ensure that you have all the right documentation to document your purchases.








Hopefully, this post will give you some insights on how to report/ file for crypto taxes. Please share with other crypto users.







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