Buying crypto with cash, or selling crypto for cash, at a kiosk.
Purchases set basis at the price paid including the kiosk fee, which is often 10 to 20 percent. Sales are disposals at the amount received. Kiosk receipts are usually the only record, and many ATM operators now report to the IRS as brokers. Basis documentation is the main risk: a purchase with no receipt is a purchase with no provable basis.
Many operators are brokers and issue Form 1099-DA on sales. Keep every receipt; it is your basis record.
Source: Treas. Reg. 1.6045-1; IRS Notice 2014-21
Last reviewed September 18, 2026. Tax rules change; confirm current law before acting.
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