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Basically, only 802 people told the IRS about their 2016 profits in CoinBase, one of the more popular exchanges. It's safe to assume that number was a tiny frac

• AznHisoka 9y ago
  How would the IRS know the exact number? What about people who lumped their bitcoin gains with their other capital gains?
  • jsgo 9y ago
    I imagine it is like anything else: they don't know, but if they do an audit or another agency is investigating you for something else and they notice, then they start investigating it. I do think it is fair to say that there are more than 802, apparently, people in the United States in 2016 that mined/bought/sold bitcoin so they definitely see there is a problem.