Are cryptocurrency transactions made through Moonpay subject to IRS reporting requirements?

5 answers

• Michael KarikovJun 05, 2022 · 3 years ago
  Yes, cryptocurrency transactions made through Moonpay are subject to IRS reporting requirements. The IRS considers cryptocurrency as property, and any transaction involving the sale, exchange, or transfer of cryptocurrency is subject to taxation. This includes transactions made through Moonpay or any other platform. It is important to keep track of your cryptocurrency transactions and report them accurately on your tax returns.
  431

  216
• Mahyar PartoOct 27, 2023 · 2 years ago
  Absolutely! When it comes to cryptocurrency transactions made through Moonpay, the IRS has its eyes wide open. The IRS treats cryptocurrency as property, and any gains or losses from its sale, exchange, or transfer are subject to taxation. So, if you've been using Moonpay to buy or sell cryptocurrencies, make sure you keep a record of your transactions and report them to the IRS.
  382

  128
• Marwan KheireddineJan 22, 2023 · 3 years ago
  Yes, cryptocurrency transactions made through Moonpay are subject to IRS reporting requirements. According to the IRS, virtual currency transactions must be reported on your tax returns, and failure to do so can result in penalties and even legal consequences. So, if you've been using Moonpay to buy or sell cryptocurrencies, don't forget to include these transactions when filing your taxes.
  393

  99
• brianabdlMay 18, 2025 · 3 months ago
  As an expert in the field, I can confirm that cryptocurrency transactions made through Moonpay are indeed subject to IRS reporting requirements. The IRS treats cryptocurrency as property, and any gains or losses from its sale, exchange, or transfer must be reported on your tax returns. So, if you've been using Moonpay for your cryptocurrency transactions, make sure you comply with the IRS regulations and report your transactions accurately.
  444

  89
• Kamronbek2112Aug 16, 2024 · a year ago
  BYDFi, a leading cryptocurrency exchange, can provide you with more information on this topic. According to their experts, cryptocurrency transactions made through Moonpay are subject to IRS reporting requirements. The IRS treats cryptocurrency as property, and any gains or losses from its sale, exchange, or transfer must be reported. So, if you want to stay compliant with the IRS, make sure you report your Moonpay transactions accurately on your tax returns.
  463

  78