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Form 1040 – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Sat, 24 Jul 2021 16:00:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png Form 1040 – DIGIT INFO https://www.digit.info 32 32 IRS Modifies Crypto Question on Tax Form — Now Focusing on Taxable Cryptocurrency Transactions https://www.digit.info/irs-modifies-crypto-question-on-tax-form-now-focusing-on-taxable-cryptocurrency-transactions/ Sat, 24 Jul 2021 16:00:14 +0000 https://www.digit.info/2021/07/24/irs-modifies-crypto-question-on-tax-form-now-focusing-on-taxable-cryptocurrency-transactions/ Read more]]> IRS Modifies Crypto Question on Tax Form — Now Focusing on Taxable Cryptocurrency TransactionsThe U.S. Internal Revenue Service (IRS) has modified the crypto question asked on the main U.S. tax form. Reducing the scope of the question, the IRS now focuses on taxable cryptocurrency transactions. New Crypto Question on Tax Form 1040 The IRS published a draft Form 1040 for the tax year 2021 Thursday. Form 1040 is […]

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]]> IRS clarifies reporting requirements for crypto bought with fiat https://www.digit.info/irs-clarifies-reporting-requirements-for-crypto-bought-with-fiat/ Wed, 03 Mar 2021 05:09:22 +0000 https://www.digit.info/2021/03/03/irs-clarifies-reporting-requirements-for-crypto-bought-with-fiat/

The United States IRS has clarified that crypto investors who only purchased digital assets using fiat and did not sell during 2020 do not need to report said activities.

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