Report digital asset income, including cryptocurrency, on your tax return

April 4, 2024

Any income earned from digital asset transactions must be reported on your federal tax return.

Common digital assets include:

• Convertible virtual currency and cryptocurrency.
• Stablecoins.
• Non-fungible tokens (NFTs).
• Rewards income from staking or earn programs

If you file Form 1040, 1040-SR, 1040-NR, 1041, 1065, 1120 or 1120-S, you must answer "No" or “Yes” to the digital asset question and report all earned income.

Detailed reporting requirements are available in the Instructions for Form 1040 and Form 1040-SR and on the Digital assets page on IRS.gov.