Cryptocurrencies, also known as virtual currencies, have gone mainstream. That’s for sure. For example, you can use bitcoin BTCUSD to buy a Tesla TSLA and to buy or pay for lots of other things.
The IRS really wants to know about your cryptocurrency. For tax year 2020 the IRS moved the cryptocurrency question from Schedule 1 of the Form 1040, where it was in 2019, to the much more prominent ...
The U.S. Internal Revenue Service may finally be close to more clearly stating how crypto assets should be taxed. In a draft form of the 1040 form for 2021 released on Wednesday, the tax agency has ...
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