Cryptocurrency buyers: Here's what to know for tax season

If you're one of tens of millions of Americans who plan to file their tax returns this week, there's an important element to remember before you hit "submit": The U.S. government wants to know about any cryptocurrency or NFT transactions you've made in the past year; if you made money on those deals, you must report it.

The IRS is keeping a close eye on digital currencies and other virtual assets as their popularity explodes, but with rules still in flux it's easy to get confused. Here's what crypto and NFT buyers should know before filing their taxes.