Randall FisherNov 27, 2021 · 3 years ago9 answers Is there a specific formula or method to determine my modified adjusted gross income from cryptocurrencies?
I am wondering if there is a specific formula or method that can be used to calculate my modified adjusted gross income (MAGI) from cryptocurrencies. I have been investing in cryptocurrencies for a while now and I want to make sure I am accurately reporting my income for tax purposes. Can someone explain how to calculate MAGI from cryptocurrencies and provide any relevant formulas or methods?