HOOK
Did you know you can owe taxes on crypto even if you never cashed out to dollars? [b-roll: phone screen showing a crypto app and a calendar]
If you bought, sold, swapped, or earned crypto, the IRS may want a record of it. The good news: you do not need to be a tax expert to stay organized.
KEY POINT 1
First, track every purchase. Save the date, amount, coin, price, and fees. [b-roll: spreadsheet with columns for date, crypto, cost, fees]
That cost basis is what helps determine whether you made a gain or a loss later.
KEY POINT 2
Second, log every sale and swap. Selling Bitcoin for cash is taxable, but swapping Ethereum for another coin can be taxable too. [b-roll: animation of one coin converting into another]
Even small trades can matter, so keep the transaction history.
KEY POINT 3
Third, save income records. If you got crypto from staking, mining, airdrops, or payment for work, that may count as taxable income. [b-roll: notification of crypto rewards and a wallet deposit]
Write down the fair market value on the day you received it.
KEY POINT 4
Finally, download your exchange statements and wallet activity before platforms change access or delete old records. [b-roll: cursor clicking “download CSV”]
Having your own files makes tax time a lot easier if a form is missing.
CTA
If you own crypto, start a simple tracker today. The IRS does not reward guesswork, and clean records can save you stress later. [b-roll: checklist being checked off on a phone]
Want a beginner-friendly crypto tax checklist? Tap to learn more.
