The IRS has put a question about cryptocurrency holdings on page one of 2020 tax returns that taxpayers are expected to answer accurately.
If you had income from crypto — whether due to selling at a profit or receiving a digital asset for work performed — failure to report it could come back to bite you.
“It could be a real tax mess for folks who try to hide crypto earnings from the IRS,” said Certified Financial Planner (R) Kathryn Hauer.
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