3/12/24: When Must You Check “Yes” to the IRS Crypto Question on Form 1040?

If you’re like 52 million other Americans, you own bitcoin – but you’re overlooking the tax implications. Today's podcast clarifies the tax responsibilities for digital asset owners. No 1099s for crypto? I'll reveal what you need to do – tune in now. 

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Links from today's show:

Tax Record Keeping and Reporting Services - DACFP: https://dacfp.com/yp/tax-record-keeping-and-reporting-services-for-digital-assets/

IRS: Updates to question on digital assets; taxpayers should continue to report all digital asset income | Internal Revenue Service: https://www.irs.gov/newsroom/irs-updates-to-question-on-digital-assets-taxpayers-should-continue-to-report-all-digital-asset-income

Digital Assets | Internal Revenue Service (irs.gov): https://www.irs.gov/businesses/small-businesses-self-employed/digital-assets

Spot Bitcoin ETFs Toolkit - DACFP: https://dacfp.com/toolkit/

DACFP Courses: https://dacfp.com/certification/online-courses/

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