The IRS Will Now Ask If You Own Crypto in the Most Widely Used US Tax Form

The IRS Will Now Ask if You Own Crypto in the Most Widely Used US Tax Form – CoinDesk

The Internal Revenue Service (IRS) has updated the main form individual U.S. taxpayers use to report their income to include a question about cryptocurrencies. Following the release earlier this week of the IRS’s long-awaited guidance for reporting crypto-related income, the IRS on Friday circulated a draft of the new Form 1040, Schedule 1, Additional Income and Adjustments to Income.