Learn more about what documentation Venmo provides to prepare for tax season.
Will I pay tax on cryptocurrency profits?
You will need to report gains or losses from the sale of crypto on your taxes. For any tax advice, you would need to speak with a tax expert. You can find information from the IRS on their pages about Digital assets and Frequently Asked Questions on Virtual Currency Transactions.
Will Venmo provide me any documentation for tax reporting?
Individuals who have sold cryptocurrency on Venmo during the tax year will receive a Gains and Losses Statement, irrespective of their state of residence.
Learn more about what tax documents you can expect from Venmo.
I need to update my name on Venmo for tax purposes
Please contact our Support team for assistance.