Cryptocurrency Tax Reporting When filing individual tax returns using Form 1040, there is now a mandatory question related to digital assets: During the tax year, did you (a) receive (as a reward, award, or payment for property or services) or (b) sell, exchange, or otherwise dispose of a digital asset (or a financial interest in a digital asset)? For many taxpayers, this question can feel confusing, as some may have conducted transactions while others have simply held crypto