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Detailed records are essential for. However, Form K is typically and Schedule D.
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How to Report Cryptocurrency on IRS Form 8949 - mauicountysistercities.orgAccording to IRS Notice �21, the IRS considers cryptocurrency to be property, and capital gains and losses need to be reported on Schedule D. The IRS treats cryptocurrency as �property.� If you buy, sell or exchange cryptocurrency, you're likely on the hook for paying crypto taxes. Reporting your crypto activity requires using. Step 2: Complete IRS Form for crypto. The IRS Form is the tax form used to report cryptocurrency capital gains and losses. You must.