IRS Moves The Controversial Virtual Currency Question To Page 1 Of 1040

[Gediminas]

First country to do that. Ridiculous, but this is happening.

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Currently, If you don't file a Schedule 1, you do not have to answer the virtual currency question. However, by adding the virtual currency question on page 1 of the tax return, everyone who files a personal tax return for the 2020 tax year will have to answer the question.
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IRS Moves The Controversial Virtual Currency Question To Page 1 Of 1040

The IRS is Asking Every American Whether They Own Cryptocurrency in 2020 per Draft Form 1040.

www.forbes.com

 

[Sir Gelato]

Thanks for the update! Thinks are getting serious, this is only the beggining

 

[Spinat]

That's for US citizens only.. wonder how long it will take before the EU will take the move to the same.

 

[Martin Everson]

That's for US citizens only.. wonder how long it will take before the EU will take the move to the same.

Not long now.