SALT LAKE CITY U.S. taxpayers will see a question, once buried in a schedule attachment, now prominently displayed near the top of the ubiquitous Form 1040 this year that reflects the IRS rising efforts to account for rising activity in cryptocurrencies as an investment target and transaction medium: At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?
Salt Lake-based TaxBit has been working since 2018 to help simplify and automate tax reporting duties for cryptocurrencies like Bitcoin, Ether and many others, and on Tuesday announced a $100 million Series A investment round.
Utah s TaxBit scores $100M in fresh funding to grow crypto tax platform deseret.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deseret.com Daily Mail and Mail on Sunday newspapers.