Federal housing law
0522 Publ 5643 (PDF)
Federal housing law as enacted — verbatim and citable.
- Edition
- 2026-10-03
- Last updated
- 2026-10-04
- Jurisdiction
- United States
Official source: IRS Forms, Instructions & Publications (https://www.irs.gov/pub/irs-pdf/p5643.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).
Have questions about virtual currency? Check out IRS.gov¶
The IRS uses the term “virtual currency” to describe the various types of virtual currency that are used as a medium of exchange, such as digital currency and cryptocurrency. Regardless of the label applied, if a particular asset has the characteristics of virtual currency, it will be treated as virtual currency for federal income tax purposes.
Virtual currency transaction reporting¶
When you sell, exchange, or use virtual currency, to pay for goods or services, or otherwise dispose of virtual currency, you must report this to the IRS. For more information on capital assets, capital gains, and capital losses, see Publication 544, Sales and Other Dispositions of Assets .
Record keeping¶
You must maintain records documenting receipts, sales, exchanges or other dispositions of virtual currency and the fair market value of the virtual currency.
Visit the virtual currencies page on IRS.gov for more information.¶
Publication 5643 (5-2022) Catalog Number 93015T Department of the Treasury Internal Revenue Service www.irs.gov