Graybeard
Well-Known Member
"The IRS has been unequivocal in its intent to crackdown on unreported crypto." -Kevin F. Sweeney, a former federal tax prosecutor
This transaction report goes on Form 8949 of your tax return, which then becomes part of Schedule D. Cross recommends that investors use one of the cryptocurrency software services that help people calculate their losses and gains, such as Bitcoin.tax or Cointracking.info.
Source:
More than half of bitcoin investors don't plan on reporting losses to the IRS, survey finds
Good luck to the losers ...
This transaction report goes on Form 8949 of your tax return, which then becomes part of Schedule D. Cross recommends that investors use one of the cryptocurrency software services that help people calculate their losses and gains, such as Bitcoin.tax or Cointracking.info.
Source:
More than half of bitcoin investors don't plan on reporting losses to the IRS, survey finds
Good luck to the losers ...
