1 result for tag: Bitcoins


The IRS Wants to Know about Your Crypto

The IRS really wants to know about your Bitcoins and other Cryptos. It starts at the top of the first page of your Form 1040, where you find the following question right after the spaces for your name and address: At any time during 2021, did you receive, sell, exchange, or otherwise dispose of any financial interest in any virtual currency? At any time during 2021, did you receive, sell, exchange, or otherwise dispose of any financial interest in any virtual currency? All taxpayers must answer this question under penalty of perjury, even those who have never heard of Bitcoin and don’t know what cryptocurrency is. You can’t ...