IRS Tax Notices for Bitcoin Users What's Going On?

y13ld42 · 2017-02-17T10:19:00.000Z

Been seeing a lot about IRS tax notices for Bitcoin users saying they need to fix their tax reports. Just got one myself and I thought I was reporting everything right. Anyone know how they handle altcoin trading pairs for taxes? I heard before 2017 you could

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ben.matrixNewbie

Posts: 1362 · Reputation: 35

#21Feb 28, 2017, 11:37 AM

Yeah, but if you cashed out through Coinbase, that’s likely the connection for the IRS letters.

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ben.matrixNewbie

Posts: 1362 · Reputation: 35

#22Feb 28, 2017, 04:16 PM

It’s not just cashing out. Some people who only bought BTC on Coinbase got letters too. They received a 6174 letter saying they’re on the IRS radar.

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IRS Tax Notices for Bitcoin Users What's Going On?

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