In this post, we will take a deep dive into what’s covered under the “sell” category of the crypto question on Schedule 1 and outline taxable and non-taxable transactions. Note that almost all cryptocurrency sales are taxable and would require you to check “yes” on crypto question on Schedule 1. For those of you who are still wondering why you have to answer the “crypto question” when you file for taxes, check out why the IRS included it here.
Source: forbes.com
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