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?
Individuals who have sold cryptocurrency on Venmo during the 2021 tax year will receive a Gains and Losses Statement, irrespective of their state of residence.
I need to update my name on Venmo for tax purposes
Please contact our Support team for assistance updating your name.