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How to report cryptocurrencies and how much it costs
How to report cryptocurrencies and how much it costs
Kirsten Simmons avatar
Written by Kirsten Simmons
Updated over a week ago

Crypto transactions should be treated like stock transactions.

Reporting transactions are covered by the Premier flat fee. If you have more than 10 transactions, you can group them. We recommend using professional trading software to aggregate your trades into groups. Then we will report aggregate amounts per institution within eight groups. If your annual statement doesn't have a summary that includes the total sale amount and total cost basis for both long-term and short-term transactions, and it requires extensive manual work for our tax preparers (such as tallying scanned images of transactions without subtotals), we will bill an hourly fee in increments of 15 or 30 minutes. For more information, refer to our article on brokerage transactions.

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