Taxpayers Must Report Digital Asset Incomes When Filing Returns: IRS

All taxpayers filing returns must confirm or deny whether they conducted a digital transaction.

The Internal Revenue Service (IRS) building in Washington on Jan. 4, 2024. Madalina Vasiliu/The Epoch Times

The Internal Revenue Service (IRS) reminded taxpayers to report all cryptocurrency and digital asset incomes they made last year when filing returns during the upcoming filing season that begins next week.

A question regarding digital asset transactions appears on top of relevant tax forms and has been updated this year, the agency said in a Jan. 22 press release.