How can I report AGI from cryptocurrency on my W2?

3 answers

• May 04, 2022 · 3 years ago
  To report AGI from cryptocurrency on your W2, you need to calculate your total income from cryptocurrency trading and include it as part of your total income on your W2 form. You should consult a tax professional or use tax software to accurately calculate your cryptocurrency income and determine the appropriate reporting method. It's important to keep track of all your cryptocurrency transactions and maintain accurate records for tax purposes.
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• May 04, 2022 · 3 years ago
  Reporting AGI from cryptocurrency on your W2 can be a bit tricky, but it's important to do it correctly to avoid any potential issues with the IRS. You should consult a tax professional who is familiar with cryptocurrency taxation to ensure you are reporting your income accurately. They can guide you through the process and help you determine the best way to report your cryptocurrency income on your W2 form.
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• May 04, 2022 · 3 years ago
  At BYDFi, we recommend consulting a tax professional to report AGI from cryptocurrency on your W2. They can provide personalized advice based on your specific situation and ensure that you comply with all tax regulations. It's important to accurately report your cryptocurrency income to avoid any potential penalties or audits from the IRS. Remember to keep detailed records of your cryptocurrency transactions for tax purposes.
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