Country with cryptocurrency
Last year, many cryptocurrencies lost more than half their value and major crypto exchanges � like FTX � collapsed. If you receive cryptocurrency in a transaction performed via an exchange, the value of the digital currency received is recorded by the exchange at the time of the transaction. Audit Support Guarantee � Individual Returns: If you receive an audit letter from the IRS or State Department of Revenue based on your TurboTax individual tax return, we will provide one-on-one question-and-answer support with a tax professional, if requested through our Audit Support Center , for audited individual returns filed with TurboTax Desktop for the current tax year and, for individual, non-business returns, for the past two tax years , UFB Secure Savings. If you run a mining business, then you can make the deductions to cut down your tax bill.