Do you possess digital assets, such as convertible virtual currencies and cryptocurrencies, stablecoins or non-fungible tokens (NFTs)? If so, you must report any digital asset-related income on your 2024 federal income tax return. According to the IRS, a digital asset is one that can be stored electronically and can be bought, sold, owned, transferred or traded. The IRS recommends that if you had digital asset transactions last year, be sure to keep records that prove your purchase, receipt, sale, exchange or any other disposition of the digital assets. For more information from the IRS: https://bit.ly/3BXQ9Xx. Contact us if you have questions regarding accounting for your digital assets. © 2025