sydney bought cryptocurrency and then converted some to dollars, sold some, exchanged her bitcoin for…

sydney bought cryptocurrency and then converted some to dollars, sold some, exchanged her bitcoin for ethereum, and used some to buy a plane ticket. which actions involving cryptocurrency does sydney need to report to the irs for tax purposes? only converting the cryptocurrency to dollars all actions except the original purchase of cryptocurrency only selling some and buying the plane ticket all of the transactions where she made money

sydney bought cryptocurrency and then converted some to dollars, sold some, exchanged her bitcoin for ethereum, and used some to buy a plane ticket. which actions involving cryptocurrency does sydney need to report to the irs for tax purposes? only converting the cryptocurrency to dollars all actions except the original purchase of cryptocurrency only selling some and buying the plane ticket all of the transactions where she made money

Answer

Brief Explanation:

In the United States, for tax - purposes, taxpayers must report all cryptocurrency transactions except the original purchase. Converting to dollars, selling, exchanging for other cryptocurrencies, and using it to buy goods (like a plane ticket) are all reportable events.

Answer:

All actions except the original purchase of cryptocurrency