How to report cryptocurrency gains?

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.