2025›Instructions for Form 1040-SS
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Instruction 1040-SS — Instructions for Form 1040-SS, U.S. Self-Employment Tax Return (Including the Additional Child Tax Credit for Bona Fide Residents of Puerto Rico) · 2026-10-03 edition · updated 2026-10-04 · United States
How To Report Digital Asset Transactions If, in 2025, you disposed of any digital asset, which you held as a capital asset through a sale, trade, exchange, payment, or other transfer, check “Yes” and see Pub. 570 for details on whether you have to file Form 1040 with the United States to report your capital gains or losses. If you have to file Form 1040 with the United States, you cannot file this form. If you have questions about how to report a digital asset transaction on your territory income tax
6 Instructions for Form 1040-SS (2025)
return, contact your local territory tax office for more information.
If you received any digital assets as compensation for services, or disposed of any digital asset that you held for sale to customers in a trade or business, you must report the income as you would report other income of the same type on Schedule C (Form 1040) and/or Schedule F (Form 1040).
If you disposed of any digital asset by gift, you may be required to file Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return. See Who Must File and Transfers Subject to the Gift Tax in the Instructions for Form 709 for more information.
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