Scivantage Blog Cryptocurrency Reporting: Are Taxpayers Getting the Information They Need?

In October last year, the IRS released the new guidance on the tax treatment of cryptocurrency transactions applicable to taxpayers that hold cryptocurrencies as capital assets. Following the new guidance, the IRS also issued a draft Schedule 1 to the individual 2019 Form 1040 tax return that included a new question (at the top of the page […] The post Cryptocurrency Reporting: Are Taxpayers Getting the Information They Need? appeared first on Maxit.