Do I Need to Report Small Cryptocurrency on My Taxes?

Curious as to what do I Need to Report Small Cryptocurrency on My Taxes implies? Read our breakdown and key takeaways.

If you don't report taxable crypto activity and face an IRS audit, you may incur interest, penalties or even criminal charges. It may be considered tax evasion or fraud, said David Canedo, a Milwaukee-based CPA and tax specialist product manager at Accointing, a crypto tracking and tax reporting tool.