Tax professional explains the most important thing for US crypto holders
Cointelegraph
Published Oct 29, 2020 05:08PM ET
Updated Oct 29, 2020 06:40PM ET
Wendy Walker, solution principal at the tax compliance company Sovos, described reporting as the most important aspect of tax filing that people in the blockchain industry should know about.
"Even if you don't owe income taxes, you still have to report details of the transactions," Walker told Cointelegraph in an interview. "I think that's probably one of the key things about this moving of the question to the front of the 1040" she said, referencing the IRS' recent updates to the 1040 income tax form.
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Written By: Cointelegraph
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