In this video, Becky walks through how cryptocurrency sales are reported to the IRS using the new 1099-DA form.

She explains the difference between purchasing crypto (similar to stock sales) and earning it as a business owner (which requires paying taxes and self-employment tax on the value received).

She also covers how previously reported income becomes your cost basis when you sell, and reminds viewers about the digital asset sale checkbox on Form 1040 and foreign bank account reporting requirements.