With the recent price rise, many bitcoin traders have incurred capital gains that need to be reported on year-end tax returns. But how?
“At the very least, the IRS should heed Portugal’s prudent policy and treat cryptocurrency transactions like typical currency transfers.”
Following a round of “soft notices” sent last month, the IRS is issuing a round of sterner warnings about accurate cryptocurrency tax filing.
The IRS is sending those who have conducted cryptocurrency transactions reminders to pay the requisite taxes.