How many years back can the IRS audit cryptocurrency transactions?

3 answers

• jangili santhoshAug 26, 2021 · 4 years ago
  The IRS has the authority to audit cryptocurrency transactions for up to six years. This means that they can go back as far as six years to review your transactions and ensure compliance with tax laws. It's important to keep accurate records of your cryptocurrency transactions and report them properly to avoid any potential issues with the IRS.
  346

  173
• liuqi wuNov 07, 2021 · 4 years ago
  When it comes to auditing cryptocurrency transactions, the IRS generally has a six-year statute of limitations. This means that they can review your transactions from the past six years to ensure that you have reported your income accurately and paid the appropriate taxes. It's crucial to maintain detailed records of your cryptocurrency activities to stay in compliance with tax regulations.
  393

  131
• MJM17Aug 27, 2025 · 2 months ago
  According to the IRS, they can audit cryptocurrency transactions for up to six years. This means that they have the authority to review your transactions from the past six years to verify your tax reporting. It's important to note that this applies to all taxpayers, regardless of whether they use BYDFi or any other cryptocurrency exchange. Make sure to keep accurate records and report your cryptocurrency transactions correctly to avoid any potential issues with the IRS.
  474

  119