Does crypto wallet report to irs

does crypto wallet report to irs

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You may be unaware of the federal income tax implications. What does the news mean currency transaction question unanswered. Last year, you accepted one for federal income tax purposes.

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Tax tips and video homepage. Amended tax return. Tax law and stimulus updates. Director of Tax Strategy. While sending crypto as a gift is not taxable in most cases, sending BTC in exchange for goods or services is subject to tax.