Tax Tip 2023-45: Understand digital asset reporting and tax requirements
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Issue Number: Tax Tip 2023-45
Understand digital asset reporting and tax requirements
All taxpayers filing 2022 tax year Forms 1040 and 1040-SR must check a box indicating whether they received digital assets as a reward, award or payment for property or services or disposed of any digital asset that was held as a capital asset through a sale, exchange or transfer.
Examples of digital assets transactions include:
Reporting digital assets transactions
The Instructions for Form 1040 and 1040-SR and the IRS Digital Assets page have more information.
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