[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-detail-304758-en":53,"doc-seo-304758-105":75},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":5,"data":54},{"doc_id":55,"user_id":56,"nickname":57,"user_avatar":58,"doc_module":9,"category_id":50,"category_name":51,"doc_title":59,"doc_description":60,"doc_content":61,"file_id":62,"file_url":63,"file_type":64,"file_size":65,"view_count":66,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":67,"language":68,"language_code":69,"site_id":70,"html_lang":69,"table_of_contents":71,"faqs":72,"seo_title":73,"seo_description":60,"update_tm":74,"read_time":9},304758,1099513958607,"Jiven","https://ap-avatar.wpscdn.com/avatar/100002390cf8733938c?x-image-process=image/resize,m_fixed,w_180,h_180&k=1778829742770036399","Crypto Tax 101: How to Report - How to Report and Save on Crypto Taxes","Crypto Tax 101 explains how to report cryptocurrency activity for U.S. tax purposes, starting with answering the Form 1040 virtual currency question and confirming you generally must check “yes” unless you only bought and held without exchanging. It guides readers to compute capital gains and losses using Form 8949 and Schedule D, including short- vs long-term treatment based on the holding period. It also covers reporting crypto income (mining, staking, airdrops, and payments), and presents tax-saving tips like holding for at least a year, reporting losses, donating appreciated crypto, and planning ahead.","Crypto Tax 101: How to Report  \nGORDON  \n~~ ~~ L A W ~~ ~~  \n1 check yes to the crypto question  \nJust below name and address, Form 1040 asks: \"At any time in [year], did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?\"You must check \"yes\" unless all you did was buy and hold (without exchanging one coin for another).  \n| \u003Cbr>2 | calculate capital gains and losses on form 8949: sales and other dispositions of capital assets |  |\n| --- | --- | --- |\n| Short-term gains (for coins held less than 1 year) are taxed at your normal income tax rate. Long-term gains (for coins held more than 1 year) are taxed at either 0%, 15%, or 20%, depending on the amount of gains. Short-term and long-term positions should be listed separately on Form 8949. Tally up your totals from Form 8949 and add them to Schedule D to calculate the tax. |  |  |\n| Transactions to include on Form 8949: |  | Information needed for each individual transaction: |\n| • Converting crypto to USD |  |  |\n| • Exchanging one type of crypto for another |  | • Cost basis: How much you paid initially |\n| (this is considered a sale of the first coin and purchase of the second)\u003Cbr>• Spending crypto on goods or services |  | • Holding period: Date acquired & date sold (this determines whether you have a shortterm or long-term gain) |\n| (treated as converting the crypto to USD) |  | • Sales proceeds: Fair market value in USD atthe time of sale |\n| Note: You can use crypto tax software to import data from your exchanges and wallets and output Form 8949. Our preferred partners [are ](are  Bitcoin.Tax and ZenLedger.io. If you want)[ Bitcoin.Tax](are  Bitcoin.Tax and ZenLedger.io. If you want)[ and](are  Bitcoin.Tax and ZenLedger.io. If you want)[ ](are  Bitcoin.Tax and ZenLedger.io. If you want)[ZenLedger.io](are  Bitcoin.Tax and ZenLedger.io. If you want)[. If you want](are  Bitcoin.Tax and ZenLedger.io. If you want), you can easily send the information to Gordon Law Group for review by a crypto tax attorney. Or, we can do all of this for you from the start! |  |  |\n\n3 report transactions that count as income  \nIncome may be reported on Schedule 1, Schedule B, or Schedule C, depending on your situation. This cryptocurrency will be taxed according to your income tax bracket.  \nTransactions to report as income:  \n• Mining rewards  \n• Staking rewards  \n• Airdrops  \n• Receiving payment for goods or services  \nHow to report cryptocurrency income:  \n• Record the fair market value in USD at the time the crypto was received  \n• The amount you report as income will become your cost basis for any future sale of that crypto (so you won’t get double-taxed when you sell)  \n• If you’re using DIY crypto tax software, be sure to manually mark any deposits that are income  \nCrypto Tax 101: Tax Saving Tips  GO RL ADWON  \n1 hold for at least 1 year  \nLong-term gains are typically taxed at a lower rate than short-term gains, depending on your income tax bracket. While your investment decisions should be based on your financial goals and other factors, this is an easy way to lower your cryptocurrency tax burden.  \n3 report your losses  \nMany clients ask us if they still need to report crypto for years when they only had losses. It’s especially important to report in that case! This can help you avoid a disastrous IRS tax bill.  \nPlus, losses can be used to offset capital gains from stocks or from sales of other property. They can even be carried forward to future years and help lower your tax bill when you have higher capital gains.  \n2 donate crypto  \nIf you donate cryptocurrency to an eligible organization, you can take the fair market value of that donation as a tax write off. Plus, if you donate crypto that’s appreciated in value, the donation will not count as a sale with associated capital gains tax.  \n4 tax loss harvesting  \nYou can take advantage of cryptocurrency with unrealized losses (where you’re in a loss position but have not yet sold","cbCaibpwpfM25RGZ","https://ap.wps.com/l/cbCaibpwpfM25RGZ","pdf",126270,3,2,"English","en",105,"# Reporting crypto on U.S. taxes\n## Answering the Form 1040 virtual currency question\n## Calculating capital gains and losses with Form 8949 and Schedule D\n## Reporting crypto transactions that count as income\n# Crypto tax saving tips\n## Hold for at least 1 year\n## Report losses and use them to offset gains\n## Donate crypto\n## Tax loss harvesting and trader tax status\n## Plan ahead","[{\"question\":\"When do I need to check “yes” for the virtual currency question on Form 1040?\",\"answer\":\"Check “yes” unless your only activity was buying and holding without exchanging one coin for another.\"},{\"question\":\"How do I calculate capital gains and losses from crypto sales?\",\"answer\":\"Use Form 8949 to separate short-term (held less than 1 year) and long-term (held more than 1 year) positions, then total the results and add them to Schedule D.\"},{\"question\":\"Which crypto activities count as taxable income and where is it reported?\",\"answer\":\"Mining rewards, staking rewards, airdrops, and payments for goods or services are treated as income and may be reported on Schedule 1, Schedule B, or Schedule C based on the situation.\"}]","Crypto Tax 101: How to Report - How to Report and Save on Crypto Taxes | PDF",1789816947,{"code":4,"msg":76,"data":77},"ok",{"site_id":70,"language":69,"slug":78,"title":59,"keywords":79,"description":60,"schema_data":80,"social_meta":134,"head_meta":136,"extra_data":138,"updated_unix":74},"crypto-tax-101-how-to-report-how-to-report-and-save-on-crypto-taxes","",{"@graph":81,"@context":133},[82,96,116],{"@type":83,"itemListElement":84},"BreadcrumbList",[85,89,91,93],{"item":86,"name":87,"@type":88,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":90,"name":10,"@type":88,"position":67},"https://docshare.wps.com/template/",{"item":92,"name":51,"@type":88,"position":66},"https://docshare.wps.com/template/general/",{"item":94,"name":59,"@type":88,"position":95},"https://docshare.wps.com/template/crypto-tax-101-how-to-report-how-to-report-and-save-on-crypto-taxes/304758/",4,{"url":94,"name":59,"@type":97,"image":98,"author":103,"headline":59,"publisher":105,"fileFormat":108,"inLanguage":69,"description":60,"dateModified":109,"datePublished":110,"encodingFormat":108,"isAccessibleForFree":111,"interactionStatistic":112},"DigitalDocument",{"url":99,"@type":100,"width":101,"height":102},"https://docshare.wps.com/thumbnails/crypto-tax-101-how-to-report-how-to-report-and-save-on-crypto-taxes/304758.png","ImageObject",442,249,{"name":57,"@type":104},"Person",{"url":86,"name":106,"@type":107},"DocShare","Organization","application/pdf","2026-09-20","2026-09-19",true,{"@type":113,"interactionType":114,"userInteractionCount":66},"InteractionCounter",{"@type":115},"ViewAction",{"@type":117,"mainEntity":118},"FAQPage",[119,125,129],{"name":120,"@type":121,"acceptedAnswer":122},"When do I need to check “yes” for the virtual currency question on Form 1040?","Question",{"text":123,"@type":124},"Check “yes” unless your only activity was buying and holding without exchanging one coin for another.","Answer",{"name":126,"@type":121,"acceptedAnswer":127},"How do I calculate capital gains and losses from crypto sales?",{"text":128,"@type":124},"Use Form 8949 to separate short-term (held less than 1 year) and long-term (held more than 1 year) positions, then total the results and add them to Schedule D.",{"name":130,"@type":121,"acceptedAnswer":131},"Which crypto activities count as taxable income and where is it reported?",{"text":132,"@type":124},"Mining rewards, staking rewards, airdrops, and payments for goods or services are treated as income and may be reported on Schedule 1, Schedule B, or Schedule C based on the situation.","https://schema.org",{"og:url":94,"og:type":135,"og:title":59,"og:site_name":106,"og:description":60},"article",{"robots":137,"canonical":94},"index,follow",{"doc_id":55,"site_id":70}]