Cryptocurrency Q&A
Does Bitcoin have to be reported to IRS?
Does Bitcoin have to be reported to IRS?
Maria
Fri Nov 29 2024
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7
answers
1873
I'm wondering if I need to report my Bitcoin transactions or holdings to the IRS. Is there a legal requirement to declare Bitcoin to the tax authorities in the United States?
7 answers
PulseRider
Sun Dec 01 2024
Reporting income, gains, or losses from taxable transactions involving virtual currency is mandatory.
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Carolina
Sun Dec 01 2024
All transactions must be included in your Federal income tax return for the taxable year in question.
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GwanghwamunGuardianAngelWings
Sun Dec 01 2024
The amount of the transaction does not determine whether it needs to be reported.
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Riccardo
Sat Nov 30 2024
Whether or not you receive a payee statement or information return is irrelevant for reporting purposes.
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DondaejiDelightful
Sat Nov 30 2024
Taxpayers must disclose all relevant details of their virtual currency transactions.
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