Name: Did You Trade any Cryptocurrency? Form 1040 Questions...
Uploaded: 2022-01-05T10:15:19+00:00
Duration: 6 min 42 s
Description: If you need to file a Form 1040 tax return every year, take notice of the question on Page 1 of Form 1040. The IRS wants to know if at any time during the year did you receive, sell, send, exchange, o

2 years ago

If you need to file a Form 1040 tax return every year, take notice of the question on Page 1 of Form 1040.

The IRS wants to know if at any time during the year did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?

Be careful how you answer...

The question is purposefully drafted to be a catch-all in almost all circumstances of interacting with cryptocurrency.

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