At any time duringdid you: a receive as by those who engaged in for property or services ; or b sell, exchange, gofting otherwise dispose of a digital report all income related to in a digital asset.
The question was also addedand was revised this year to update wording.
For more information on basis of property received as a gift, see Publication , Basis of Assets. Will I recognize a gain or loss when I sell my virtual currency for real currency? In this case, there is no capital gain or loss to be reported. You can reduce your crypto taxes by donating crypto to charitable organizations and claiming an itemized tax deduction, but crypto gifts do not lower your crypto taxes.
