How to report crypto transactions on your taxes

If you've been dabbling in digital assets, you may be tempted to skip telling the Internal Revenue Service about crypto-related transactions on your annual tax filing. But that could be a costly omission, says Lisa Zarlenga, who advises clients on cryptocurrency tax issues as tax partner at the law firm Steptoe. The IRS has been "cracking down" on taxpayers who don't disclose their taxable digital asset transactions as required by law, according to Zarlenga. Though the agency must take certain s