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Taxpayers Should Continue to Report All Cryptocurrency, Digital Asset Income

Taxpayers Should Continue to Report All Cryptocurrency, Digital Asset Income
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IRS Warns That Crypto Income & Gains Must Be Reported On Tax Returns

IRS reminds taxpayers to answer a digital asset question on 2023 tax returns and report all digital asset related income when they file tax returns.

United statesUs corporationUs corporation income taxUs return of partnership incomeIndividual income tax returnAlien income tax returnTax returnPartnership incomeIncome tax returnCapital assetsCapital gainsUnited states giftGeneration skipping transferSole proprietorshipDigital assetsTax evasion

IRS reminds taxpayers of crypto income reporting ahead of 2022 filing

While all tax filers must answer questions with a yes or no, the IRS provided nine instances related to cryptocurrencies when you must check “Yes.”

United statesRevenue serviceInternal revenue serviceIndividual income tax returnAlien income tax return

IRS clarifies crypto question on tax form

Tax pros who have begun working on their clients' returns are encountering a slight change in wording at the top of Form 1040.

United statesAkos stiller bloombergAlien income tax returnCapital assetsCapital gainsUnited states giftGeneration skipping transferTax returnSole proprietorshipTax yearDigital assetsChief counselTax formsTax preparation

IRS clarifies crypto question on tax form

Tax pros who have begun working on their clients' returns are encountering a slight change in wording at the top of Form 1040.

United statesAkos stiller bloombergAlien income tax returnCapital assetsUnited states giftGeneration skipping transferTax returnSole proprietorshipChief counselTax formsTax preparation

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