Crypto are treated like investments like stocks and any capital gain/loss is reported on Schedule D.

Here are some other points to know:

  • The cost basis is the amount of money invested in a cryptocurrency
  • Total proceeds is the money you got from selling the cryptocurrency
  • The gain/loss will be calculated based on that

You can enter your details under Investment Income section – Stock/Property/Crypto Sales as so:

Learn more about cryptocurrency reporting for expats.

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