US IRS adds cryptocurrency clause to main tax reporting form
The IRS added a clause on cryptocurrencies to the main body of Form 1040. Previously, the question of ownership of cryptoassets was in Appendix 1, which was not filled out by all taxpayers. The IRS has moved the issue of ownership of cryptocurrencies to the main body of Form 1040, which is filled out by most taxpayers in the country. Now the question “During 2020, did you receive, sell or otherwise acquire financial interest in…
