IRS Gets Serious About Crypto With Amendments to Form 1040

IRS Gets Serious About Crypto With Amendments to Form 1040 – BeInCrypto

Regulators are taking cryptocurrencies more and more seriously, and the IRS seems to be leading the way with a plan to obtain more accurate information from taxpayers regarding their financial activities with cryptocurrencies. A new checkbox on Form 1040 now asks taxpayers whether “at anytime during 2019 did [they] received, sell, send, exchanged or otherwise acquire any financial interest in any virtual currency”.