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* * * * * Cryptocurrency Transactions Wages: Michael ( $ 8 0 , 0 0 0 ) Sold cryptocurrency ( held for over a
Cryptocurrency Transactions
Wages: Michael $
Sold cryptocurrency held for over a year with the following:
Proceeds: $
Cost Basis: $
Purchased new cryptocurrency: $
Received cryptocurrency worth $ as payment for freelance work.
Itemized Deductions: $
Allowable deduction for selfemployment tax: None
Calculate:
AGI, Taxable Income, and Total Tax Liability consider tax treatment of the various crypto transactions
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