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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 question" has turned into a ...
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 the form:
At any ...
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