You have been warned: The IRS releases crypto checklist for when to check 'Yes'
“At any time during 2022, did you: receive ; or sell, exchange, gift or otherwise dispose of a digital asset ?”
While all tax filers are required to answer the above question with a yes or no, the IRS provided nine instances when one must check “Yes,” as shown below:The above recommendations boil down to receiving, earning, transferring or selling cryptocurrencies for any monetary benefit, including mining and staking. In addition to checking “yes,” eligible taxpayers are required to report all income related to their digital asset transactions.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Comparison: 2022 Nissan Rogue vs 2022 Kia Sportage HEV | Car Reviews | Auto123How to choose between the 2022 Nissan Rogue and the 2022 Kia Sportage HEV? Auto123 compares .
Read more »
Comparaison : Nissan Rogue 2022 vs Kia Sportage HEV 2022 | Essais routiers | Auto123Comment choisir entre le Nissan Rogue 2022 et le Kia Sportage HEV 2022 ? Auto123 s’est posé la question.
Read more »
The 10 worst San Antonio restaurant inspections of 2022One restaurant operating without a permit last year stored medication near unprotected...
Read more »
Rare green comet C/2022 E3 is about to make its closest pass by EarthA comet that last passed by Earth about 50,000 years ago is coming around again and will make its closest pass on 2 February, at which point it may be visible with the naked eye
Read more »
U.S. economy grew 2.1 percent in 2022, but recession fears lingerThe latest GDP figures point to a strong but slowing economy that has been tempered by the Federal Reserve’s aggressive efforts to control inflation.
Read more »