Taxable Event

A taxable event is any transaction or activity that triggers a tax liability under applicable laws. In the context of personal finance, investments, and cryptocurrency, taxable events occur when income is earned, assets are sold, or certain transactions are completed.

What You Need To Know

Some forms included for taxable events Form 1040 (U.S.): For reporting overall income, Schedule D: For reporting capital gains/losses, and Form 8949: For detailing individual investment transactions.