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.
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