IRS Now Requires Tax Filers to Disclose Crypto Activities

IRS Now Requires Tax Filers to Disclose Crypto Activities – Bitcoin News

The U.S. Internal Revenue Service (IRS) has finalized and put in use a new tax form that requires crypto owners to declare whether they received, bought, sold, exchanged, or acquired any cryptocurrencies in 2019. Tax experts are frustrated at the vagueness of the tax agency, with some questioning whether the answers would increase the chances of being audited by the IRS.