ST Alpha - "The IRS reminds paper tax filers to answer the mandatory questions on crypto activity or your return will be rejected. -- (link)" (Reading a Post)

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The IRS reminds paper tax filers to answer the mandatory questions on crypto activity or your return will be rejected. -- (link)

Posted by spamlet Mar 23 '22, 09:59

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https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions (www.irs.gov)

Responses:

oh are there questions that everyone has to answer about crypto? -- nm - ty97 Mar 23, 10:03 5
- If you use software it will prompt you. It’s just paper filers that might skip the field. -- nm - spamlet Mar 23, 10:04 4
  - I just didn't realize there was a mandatory field for everyone, interesting -- nm - ty97 Mar 23, 10:16 2
    - There was last year as well. -- nm - David Mar 23, 10:39 1
      - Can you tell that I use TurboTax? haha. -- nm - ty97 Mar 23, 10:59
  - If you leave it blank, we'll assume you are and audit you. If you say No, we'll assume you're lying and audit you. - IRS Mar 23, 10:07

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