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The IRS will ask every taxpayer about crypto transactions this tax season — here’s how to report them

·12 min read
The IRS will ask every taxpayer about crypto transactions this tax season — here’s how to report them
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Cryptocurrencies, also known as virtual currencies, have gone mainstream. Here’s what you need to know at 2021 tax return time if you made crypto transactions last year. The 2021 version of IRS Form 1040 asks if at any time during the year you received, sold, exchanged, or otherwise disposed of any financial interest in any virtual currency.