Crypto Taxes

Cryptocurrency Question On IRS Schedule 1: “Receive” Category (Part 2 Of 6)

In this post (part 2 of 6), we will take a deep dive into what’s covered under the “receive” category of the crypto question on Schedule 1 and outline taxable and non-taxable transaction. Both taxable and non-taxable receipts would require you to check “yes” on crypto question on Schedule 1.