Re: Should I worry about my tax report?

Quote from: kunkelast on August 29, 2019, 01:06:07 PM

I've seen this news recently: https://www.investopedia.com/news/bitcoin-tax-looms-irs-orders-coinbase-turn-over-user-data/ And now I'm worried about my tax report for the next year. I've bought 1 Bitcoins at Coinbase last February and I still hold them. Should I report this as my asset? Or should I just ignore it?

If you're US citizen as I know and coinbase and bittrex user if I'm not wrong both exchnage asking kyc and derictly reported to IRS all US citizen who have an bitcoin are subject to pay tax. So it's you can't ignore that regulation because US file to you an criminal case if ignore it.