When crypto is a capital asset bought, sold, or traded like stocks or bonds, it is considered an investment. If you held crypto for investment, it should be treated as a capital gain or loss.

To include this type of digital currency on your taxes, enter your crypto investment information in the Income section under Stock or Investments Sold. If you didn't receive a Form 1099-B, enter the information from the exchange or broker that you used for the crypto transaction. This will generate Schedule D to print out with your tax return.

If you mined crypto, earnings from this activity should be converted to U.S. dollars as of the date you receive it and be included as income.

If you were self-employed while crypto mining, the income needs to be reported as self-employment income.

Wages paid in crypto should be converted to U.S. dollars on the date of each payment by your employer and reported on your Form W-2. The conversion to dollars should have already happened before you get your W-2.

Income paid to you in exchange for goods and services that wasn't wages (for example, you were paid for a service performed as part of your self-employed business in crypto) should be converted to U.S. dollars on the date of each payment and reported along with any other self-employment income.