{"id":17262,"date":"2025-06-13T16:26:11","date_gmt":"2025-06-13T21:26:11","guid":{"rendered":"https:\/\/www.sfw.cpa\/news-and-guides\/?p=17262"},"modified":"2025-06-13T11:26:10","modified_gmt":"2025-06-13T16:26:10","slug":"digital-assets-and-taxes-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/www.sfw.cpa\/news-and-guides\/digital-assets-and-taxes-what-you-need-to-know\/","title":{"rendered":"Digital assets and taxes: What you need to know"},"content":{"rendered":"

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\nCrypto is on the IRS\u2019s radar! If you bought, sold, mined, staked or were paid in digital assets like Bitcoin, Ethereum or NFTs, you must report it on your tax return. Near the top of your federal tax return, there\u2019s a question asking if you received or disposed of any digital assets during the year. You must answer either \u201cyes\u201d or \u201cno\u201d and report any gains or losses. If you just hold assets or transfer them between wallets, you can answer \u201cno.\u201d But if you sell or convert, it\u2019s a taxable event. Keep records of transactions, including fair market values and dates. If you receive a Form 1099 for crypto, keep in mind the IRS did too. Questions? Contact us. We\u2019ll make sure you stay compliant.
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Crypto is on the IRS\u2019s radar! If you bought, sold, mined, staked or were paid in digital assets like Bitcoin, Ethereum or NFTs, you must report it on your tax return. Near the top of your federal tax return, there\u2019s a question asking if you received or disposed of any digital assets during the year. […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,6,10],"tags":[8,11,12],"class_list":["post-17262","post","type-post","status-publish","format-standard","hentry","category-articles","category-individual-tax","category-news","tag-articles","tag-news","tag-updates"],"_links":{"self":[{"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/posts\/17262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/comments?post=17262"}],"version-history":[{"count":1,"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/posts\/17262\/revisions"}],"predecessor-version":[{"id":17263,"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/posts\/17262\/revisions\/17263"}],"wp:attachment":[{"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/media?parent=17262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/categories?post=17262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/tags?post=17262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}