Cryptocurrency and Digital Asset Tax Reporting
Digital-asset activity can create tax-reporting obligations and recordkeeping challenges. Alliance Financial & Income Tax reviews eligible cryptocurrency and digital-asset activity as part of tax preparation and planning.
Activity and records we review
- Sales and exchanges of digital assets.
- Payments, rewards, and other digital-asset income.
- Acquisition dates, cost basis, proceeds, and transaction fees.
- Transfers between your own wallets and accounts so they can be distinguished from sales or other activity.
Provide exchange reports, transaction histories, relevant wallet records, and any tax forms received. Complete records help us understand the activity and identify missing information.
Discuss complex histories early
Multiple exchanges, missing basis, or incomplete transaction histories may require additional work, specialized software, or outside assistance. We review the scope before accepting complex work and explain the expected fee.
Why choose Alliance for digital-asset tax reporting
We connect digital-asset reporting with the rest of your tax return and explain what documentation is needed. Our focus is accurate classification, supported figures, and practical filing and planning guidance. A tax engagement does not include a recommendation to buy, hold, or sell a particular digital asset.
Prepare before filing season
Contact our office early if your records are incomplete or you expect significant digital-asset transactions.
Schedule an Appointment
Have questions about cryptocurrency and your taxes? Schedule an appointment with Alliance Financial & Income Tax to discuss your transactions, review the records needed, and determine the next steps for your tax return.