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welcome to tax teach i hope youre all having a great day my names sean and today im going to talk about cryptocurrency and how you report that on your tax return in todays day and age theres a lot of people in the us who have cryptocurrency theres over 20 million people approximately that currently own cryptocurrency as of 2021 and that number keeps going up every month it feels like and this video is to help people who either own cryptocurrency or may be planning on owning cryptocurrency and what kind of things they need to do on their tax return to capture any cryptocurrency transactions also if youre curious about cryptocurrency in general this video might be interesting just to know the tax implications of owning such currencies in the video theres three main things that need to be reported on your tax return on page one theres some information you need to fill out related to owning cryptocurrency theres form 8949 if you sell cryptocurrency or have other certain cryptocu