https://ift.tt/d6hzewc form 1040 crypto question

In 2020, IRS issued guidance explicitly stating “received” excluded purchases for the purpose of checking the “crypto” box. For those of us who strictly purchased Bitcoin via an exchange, the correct answer was no. Until it wasn’t. Evidently on [Dec 30 2020, IRS updated guidance](https://ift.tt/9WosU4Ocryptocurrency-question) to stipulate indeed purchases trigger the checkbox. I was unaware and did not check the box. Oh well.

This year I will check the box. Tax laws are explicit and if you run afoul you will get what you deserve, with 2% certaintly.

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