Cryptocurrencies: 6452 / Markets: 40391 Market Cap: 24h Vol:
TheBlock
2021-03-03 22:58:04

IRS clarifies that buying and holding crypto doesn’t require 1040 reporting

A new clarification from the IRS indicates that buying and holding cryptocurrency does not need to be reported on the 1040 form.The post IRS clarifies that buying and holding crypto doesn’t require 1040 reporting appeared first on The Block.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer