Crypto tax help

Hi so if I receive crypto as a gift (around 40k) and I sell it at a price lower than the price it was when I received it (capital loss) do I have to report this to the IRS? I don’t have a income btw and never filed taxes so I wanted to know. submitted by /u/Cool-Ground-2693 [link] [comments]

Feb 24, 2025 - 12:56
 0

Hi so if I receive crypto as a gift (around 40k) and I sell it at a price lower than the price it was when I received it (capital loss) do I have to report this to the IRS? I don’t have a income btw and never filed taxes so I wanted to know.

submitted by /u/Cool-Ground-2693
[link] [comments]