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?
HanjiArtistryCraftsmanship
Fri Mar 29 2024
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7 answers
1377
Does the IRS track crypto?
I've been hearing a lot about cryptocurrencies lately, and I'm curious about how they're taxed. Does the IRS track crypto transactions? If so, how do they do it? And what kind of information do they collect? I'm also wondering if there are any special tax rules or regulations that apply to crypto assets. Could you please provide some clarity on this matter? Thank you.
SolitudeNebula
Fri Mar 29 2024
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5 answers
1037
Will the IRS know if I don't report my crypto?
I've been trading cryptocurrencies for a while now, and I'm a bit worried about taxes. If I don't report my crypto transactions to the IRS, will they ever find out? I know it's my responsibility to pay my taxes, but I'm just curious if there's any way they could potentially track my activity without me actively reporting it. Also, if they do find out, what kind of consequences could I face? I'm trying to be responsible and make sure I'm doing everything correctly, but I'm just a bit nervous about the potential consequences.
