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March 31, 2022
Question

Do I still have to add it as income for the tokens rewards I received from coinbase.com? MISC income $65.00. I did not sell any crypto. just bought.

  • March 31, 2022
  • 1 reply
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1 reply

fanfare
Employee
March 31, 2022

only SELL transactions are reported on your tax return.

keep good records.

if you report it as other income, your basis becomes $65.