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Author: Admin | 2025-04-28
Airdrops and other types of crypto trading, it can be a monumental task. That’s why it’s usually advisable to keep track of your trades as you go along throughout the tax year to prevent having to do it all in one go.Once you’ve completed the first step, you’ll then need to calculate any capital gains and losses. There are a number of platforms that can take care of this for you, some of which offer free trials and may provide all you need to complete this next step.From there, you’ll need to fill in Form 8949 and add it to Form Schedule D. Any crypto assets earned as income need to be added to Schedule 1 Form 1040, and self-employed earnings from crypto need to be added to Schedule C.Finally, submit your forms and pay whatever amount of tax you owe before the deadline.Ollie LeechOllie is the Learn editor for the Crypto Explainer+ section. He holds some SOL, RAY, CHSB and BTC.
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