The United States Internal Revenue Authority (IRS) has updated the FAQ section on cryptocurrencies. A report unveiled this news on March 3, noting that the update exempts individuals that purchased crypto using fiat currencies and had no other crypto transactions in 2020 from reporting such transactions under the virtual currency question. Reportedly, this news comes […]
Full ArticleIRS sheds light on reporting requirements for fiat-purchased crypto
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IRS clarifies reporting requirements for crypto bought with fiat
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