The IRS has a new tax form out and wants to know about your cryptocurrency
The IRS released a new form you’ll need to complete your 2019 tax return. The agency is asking whether you’ve acquired, exchanged or sold a financial interest in virtual currency.
Earlier this year, the IRS sent letters to taxpayers who’ve made virtual currency transactions, telling them to pay back taxes and file amended returns.
Keep track of your transactions and your cost basis.
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