by Steven J Weil, PhD, EA, LCAM | Feb 22, 2023 | Blog, Personal Tax
All taxpayers filing forms 1040, 1040-SR, or 1040-NR must answer a question about digital assets; it is a yes or no question. Taxpayers need to click the “Yes” box if they: Received digital assets as payment for property or services provided; Transferred...
by Steven J Weil, PhD, EA, LCAM | Dec 2, 2021 | Blog
Public Law 117-58 the Infrastructure Investment and Jobs Act, could end up costing crypto investors by increasing required annual reporting from digital currency brokers starting in January 2023. A lot of crypto investors have no idea what’s coming and many still...