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Can You Write Off Your Crypto Losses? (Learn How) - CoinLedgerTax form for cryptocurrency � Form You may need to complete Form to report any capital gains or losses. Be sure to use information from the Form How do I report crypto on my tax return? � Calculate your crypto gains and losses � Complete IRS Form � Include your totals from on Form Schedule D. Am I required to file taxes on my crypto? Yes, the IRS now asks all taxpayers if they are engaged in virtual currency activity on the front page of their tax.