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Author: Admin | 2025-04-28
Navigate how to report your cryptocurrency on taxes confidently with Koinly's complete guide on crypto tax forms. From IRS Schedule D to Form 8949 to Schedule 1, we've got you covered with the latest requirements and how to generate Form 8949, Schedule D, and other crypto tax forms with Koinly.The IRS requires American crypto investors to report their cryptocurrency transactions, including gains, losses, and income, by April 15. With the IRS tracking crypto transactions through exchanges and issuing warnings, accurate reporting of your crypto activities is crucial. But exactly which tax forms are needed for crypto? Let's take a look at the crypto tax forms every U.S. crypto trader should know and go through step by step instructions for Form 8949, Schedule D, and more.FormWho needs it?What's included?View formForm 8949Anyone with capital gains or losses from cryptoReport each disposal of cryptoForm 8949Schedule DAnyone with capital gains or losses from cryptoReport your net gain or loss from cryptoSchedule DSchedule CSelf-employed investors earning income from cryptoReport gross income and profit from cryptoSchedule CSchedule 1 (Form 1040)Anyone with additional income from cryptoReport crypto income in part 1, line 8Schedule 1You might not need all of these forms, it all depends on the type of crypto investments and transactions you’ve made. Typically, your crypto capital gains and losses are reported using IRS Form 8949, Schedule D, and Form 1040. Your crypto income is reported using Schedule 1 (Form 1040) or Schedule C if you're self-employed.Let's break down each form step-by-step starting with instructions for
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