SunlitMystery
Fri Mar 29 2024
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7 answers
2274
How does the ATO know about my crypto?
Excuse me, but how does the ATO know about my crypto? I've been investing in cryptocurrency for a while now, and I've always been careful to keep my transactions private. I've never disclosed any information to anyone, so I'm really puzzled about how the ATO could have found out about my crypto holdings. Could you please explain how they might have obtained this information? I'm not trying to hide anything, but I'm just curious about the process.
Andrea
Fri Mar 29 2024
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7 answers
1492
How does the IRS know if you trade crypto?
So, how does the IRS keep tabs on crypto trading activities? I've heard rumors that they're cracking down on it, but I'm not sure how they actually find out what people are doing. Is it through some sort of tracking system? Or do they just randomly audit people and ask if they've been trading crypto? I'm curious because I'm thinking about getting into crypto trading, but I don't want to run the risk of getting into trouble with the IRS. Can you give me some insight into how this all works?
