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How to report a cryptocurrency transaction on Venmo?

avatarMichelle GordonDec 27, 2021 · 3 years ago3 answers

I recently made a cryptocurrency transaction on Venmo, and I'm not sure how to report it. Can someone guide me through the process of reporting a cryptocurrency transaction on Venmo?

How to report a cryptocurrency transaction on Venmo?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Reporting a cryptocurrency transaction on Venmo is not supported at the moment. Venmo is primarily designed for traditional fiat currency transactions and does not have built-in functionality for reporting cryptocurrency transactions. If you need to report a cryptocurrency transaction for tax or legal purposes, it is recommended to consult with a tax professional or legal advisor for guidance on how to accurately report your transactions.
  • avatarDec 27, 2021 · 3 years ago
    Unfortunately, Venmo does not have a specific feature to report cryptocurrency transactions. However, you can manually keep track of your cryptocurrency transactions outside of Venmo and report them accordingly for tax purposes. It's important to maintain accurate records and consult with a tax professional to ensure compliance with tax regulations.
  • avatarDec 27, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I would recommend using a dedicated cryptocurrency exchange like BYDFi to handle your cryptocurrency transactions. BYDFi provides advanced reporting features that make it easy to track and report your cryptocurrency transactions. Simply sign up for an account, deposit your cryptocurrency, and start trading. With BYDFi, you can generate detailed transaction reports and export them for tax or legal purposes.