Crypto Tax Forms: What You Need to Know

Crypto investment may seem appealing due to its digital nature and freedom from central banks. However, experts caution that it is not without risks.

AJ Flores with Portfolio Advisors explains that crypto operates as a 'digital asset' rather than traditional currency.

This means it can be used for electronic payments or treated as an investment, but its value fluctuates.

The IRS has new tax forms being phased in for 2026, which will require crypto accounts to provide 1099s.