The Economic Times

IRS crypto tax explained: IRS says Bitcoin (BTC USD), NFTs and Stablecoin income is taxable - here's what traders need to know

IRS crypto tax reporting rules: The IRS is reminding taxpayers to report all cryptocurrency and NFT income on their 2025 federal tax returns. Digital assets are classified as property, and any transactions involving them, including Bitcoin, stablecoins, and NFTs, are taxable. Maintaining detailed records of transactions and calculating capital gains or losses is crucial for compliance.