Cryptocurrency and Taxes: A Complete Guide to Reporting Crypto on Your Tax Return

Cryptocurrency and Taxes: A Complete Guide to Reporting Crypto on Your Tax Return So, you’ve jumped into the world of cryptocurrency. Maybe you’ve bought some Bitcoin, traded a few altcoins, or even dabbled in NFTs (Non-Fungible Tokens, for those of you still wondering what those are). But as tax season rolls around, you’re hit with a big question: "Do I really have to report all this crypto stuff on my tax return?" Spoiler alert: Yes, you do. And while that may sound about as fun as eating a whole bowl of raw lemons, it’s not as complicated as it seems. Let’s break it down in simple terms so you can sail through tax season with your crypto knowledge intact — and maybe even get a chuckle or two along the way.