, falling to below $48,000 on Tuesday after hitting about $58,000 on Sunday, its upward trajectory last year likely means there are capital gains to report. One coin was worth roughly $29,000 at the end of 2020, after starting the year out at about $7,300.
In 2019, the IRS sent letters to more than 10,000 taxpayers with crypto transactions who may have failed to report income and pay taxes owed.
Thanks CNBC aka Big Brother. I almost forgot I need to pay taxes on my gains.
🤫🤣🤣🤡🥱😴😴
When they say 'IRS', they mean 'FED'.
They KNOW they can't keep track of it, so they're trying to seem tough and intimidating
Maybe we should just end the IRSnews
I actually have so many transactions that I wish I never made money. I'm not sure if I could spot a mistake. Not sure anyone can. It's thousands of pages of trades from an algorithm. It all basically breaks even, by the way…
95% only bad news(
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