The IRS in US will ask every taxpayer about crypto transactions this tax season
#1

Last Updated: Jan. 13, 2022 at 9:11 a.m. ET
First Published: Jan. 13, 2022 at 12:07 a.m. ET
By Bill Bischoff


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The 2021 version of IRS Form 1040 asks if at any time during the year you received, sold, exchanged, or otherwise disposed of any financial interest in any virtual currency. If you did, you are supposed to check the “Yes” box. The fact that this question appears on page 1 of Form 1040, right below the lines for supplying basic information like your name and address, indicates that the IRS is serious about enforcing compliance with the applicable tax rules. Fair warning.


https://www.marketwatch.com/story/the-ir...1642021045
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