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Taxes on Crypto - Explained!Information about Form BTC, Bond Tax Credit, including recent updates, related forms and instructions on how to file. Issuers of certain tax credit. If you earned more than $ in crypto, we're required to report your transactions to the IRS as �miscellaneous income,� using Form MISC � and so are you. Did you receive a Form from a crypto exchange? Read this to learn how to use the form to accurately report your taxes (and avoid IRS penalties)!