Easiest way to file crypto taxes?

Question

I sold the last little bit of my crypto last year&mdash;under $40 worth of it. It was just some remnants of Keybase airdrops and a bit or two a friend sent me. But now I've got to figure out how to report this to the IRS. What's the easiest way to do that?Normally I use TurboTax for my taxes, but I'd really love to avoid paying the higher fees just to report this little bit of money. Any suggestions or guides on doing this part of taxes myself?

ksherlock · Accepted Answer

If you're not already extended, you might want to file an extension.IRS FAQ on crypto currency:https://www.irs.gov/individuals/international-taxpayers/freq...

yuppie_scum · Answer

The IRS doesn&rsquo;t care about your $40. If that was your total income for the year, you are not the bracket they&rsquo;re going to be auditing any time soon. I wouldn&rsquo;t worry about it.

Easiest way to file crypto taxes?

If you're not already extended, you might want to file an extension.
IRS FAQ on crypto currency:
https://www.irs.gov/individuals/international-taxpayers/freq...

The IRS doesn’t care about your $40. If that was your total income for the year, you are not the bracket they’re going to be auditing any time soon. I wouldn’t worry about it.