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 here and here.
Will Venmo provide me any documentation for tax reporting?
Yes. Venmo will allow users to view their prior activity, manage transaction disputes, and if required, generate tax forms for reporting earnings from the sale of Crypto.
I need to update my name on Venmo for tax purposes
Please contact our Support team for assistance updating your name.