The Crypto Bullseye Blog™
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Weekly blog from crypto OG TheBitcoinCPA
Everybody's favorite crypto tax question
The IRS issued the final instructions for answering everybody's favorite tax question:
"At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?"
- Is it good news or bad news?
- Are...
Crypto craziness continues
In part one of this blog we talked about GameStop and related crypto craziness. WallStreetBets was David taking on Melvin Capital as Goliath. In this case David's stone was a short squeeze that almost killed the hedge fund.
The tweet and pumps spilled over into crypto...
The Gamestop, Goliath drama
The past week in crypto, twitter, reddit and securities spheres is historic on a number of levels. The old saying you can't make this stuff holds true once again.
I always say my life would be boring it wasn't for crypto and blockchain. The entertainment value is...
IRS virtual currency check-the-box for 2020
In our first ever Crypto Bullseye Blog where I talked about the virtual currency gotcha question for 2019.
Guess what? The saga continues for 2020 and there are a few more twists to this ongoing tale.
The "virtual currency...
The 2019 virtual currency check-the-box question
In 2019 the IRS added a virtual currency check-the-box question to Schedule 1 (a form that only some people need to file) forcing people to disclose crypto activity under the penalty of perjury.
Here is the question at the top of...
