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Thursday, December 12, 2019

Crypto Tax Formal Regulation at Hand?

Saw this in MIT Technology Reviews:  Chain+Letter newsletter, much recommended as a place to stay up to date on the topic and related regulatory changes

The IRS really needs an exemption for crypto
By Matthew De Silva in Quartz

The taxman cometh, and he asketh about virtual currency.

The US tax agency has released a new draft of its Schedule 1 form, used by taxpayers to report additional income and deductions. For 2019 tax filers, the Internal Revenue Service has posed a new question, prominently listed at the top of the document: ”At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?”  .... "

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