Form 1040 2022 changes the crypto terminology from “virtual currency” to “digital assets”. The purpose of the change in terminology could be interpreted as a “head up” to taxpayers that the IRS is ...
On 9/1/22, the IRS posted Form 1040 2022 Draft. Form 1040 is the U.S. Individual Income Tax Return and since tax year 2019, Form 1040 has been asking taxpayers about their virtual currency doings on ...
Surprise! (Or maybe not.) Tax-return reporting has changed yet again for the 2022 tax season. If you had income in 2021 from equity compensation, whether from stock option exercises, restricted ...
An early draft of the 2022 IRS tax form sees cryptocurrencies, stablecoins and nonfungible tokens grouped under a new “Digital Asset” category. American taxpayers will find a broader, more defined ...
On the 2020 Form 1040 the IRS inserted a question just below your name and other contact information. The question read: “At any time in 2020, did you receive, sell, send, exchange, or otherwise ...
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