It’s tax season and the IRS wants to know about your crypto. How to prepare
If you were hoping to keep your bitcoin stash under wraps from the IRS, think again.
As the 2019 tax season kicks off on Jan. 27, the taxman is expecting you to disclose whether you had any cryptocurrency transactions last year.
The IRS asks the following question on the first page of Schedule 1of the individual income tax return: “At any time during 2019, did you receive, sell, send, exchange…
Discover more from USNewsRank
Subscribe to get the latest posts sent to your email.