[MegaThread] US IRS Cryptocurrency Letter Of 2020

[MegaThread] US IRS Cryptocurrency Letter Of 2020

I just received a letter in the mail from the IRS stating that they are aware that I have crypto, and did not claim it yet. I’m sure others have received the same letter. So, if you want to post information here, you can. I thought that it would be better if we can choose the route in which to proceed all in one place. I am not suggesting that you do anything here. We can just share information, and thoughts.

My questions are what should be reported? Buying AND Selling? Report how much you bought them at? And Sold them AT? What If I didn’t sell them? What if I misplaced them? Lost them? Sold them to a friend?

What are our rights?

SOrry if this is a repost.

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Article about how the IRS shouldn’t be doing this:

https://www.coindesk.com/irs-crypto-letter

Read on how to buy bitcoin without kyc:

https://keybase.pub/heady_wook/Wook_H_2020_How_to_buy_non_KYC_Bitcoin_with_a_US_Postal_Money_Order.pdf👇



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