Outdated Tax Form Costs Crypto Traders Thousands | Crypto Briefing

Key Takeaways

  • The leading U.S. tax regulator informed crypto traders about misreporting of taxes for year 2018.
  • For many, this has led to cumbersome tax audits or hundreds of thousands of dollars in taxes.
  • The discrepancy is caused by 1099-K Form used by crypto exchanges.

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