Crypto

Crypto and Other Digital Assets

Checking “YES”

ORDINARY

  • Received digital assets as payment for property or services provided.
  • Received digital assets as a result of a award or reward.
  • Received new digital assets as a result of mining, staking, or similar activities.
  • Received digital assets as a result of hard work.

CAPITAL GAIN

  • Disposed of digital assets in exchange for property or services.
  • Disposed of digital assets in exchange or trade¬† for another digital assets.
  • Sold a digital asset

GIFT TAX

  • Transferred digital assets for free as a bona fide gift.

Checking “NO”

HOLDING

  • Holding a digital asset in a wallet or account

WALLET TO WALLET TRANSFER

  • Transferring a digital asset from one wallet or account you own or control to another wallet or account you own or control

PURCHASE FLAT CURRENCY

  • Purchasing digital assets using U.S. or other “real currency”, including through this use of electronic platforms such as PayPal and Venmo