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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https://www.forbes.com/sites/shehan...ency-question-to-page-1-of-1040/#3e4e25b23a94

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[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.

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[Martin Everson]

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

Not long now.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.