The IRS will ask every taxpayer about crypto transactions this tax season — here’s how to report them

Cryptocurrencies, also known as virtual currencies, have gone mainstream. That’s for sure. For example, you can use bitcoin

to buy a Tesla

and to buy or pay for lots of other things. However, using cryptocurrencies has federal income tax implications. Here’s what you need to know at 2021 tax return time if you made crypto transactions last year.  

Understand this: the IRS wants to know about your crypto…

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