BHT&D Certified Public Accountants Blog

Virtual Currency and Crowdfunding: How Do They Affect Your Income Tax Filing?

Posted by Joe Turnes on Sat, Apr 02, 2022 @ 07:00 AM

The 2021 1040 tax return includes a question regarding virtual currency transactions during the calendar year. This question must be answered either yes or no. If the return is filed leaving the box blank, the return will be rejected and a new one must be filed.

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Tags: Individual Tax Return, Tax Planning, Small Business, Crowdfunding, VirtualCurrency

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