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The question is: "At any time during 2020, did you sell, receive, send, exchange or otherwise acquire any financial interest in any virtual currency?" and righ
by ac29 6y ago
The question is: "At any time during 2020, did you sell, receive, send, exchange or otherwise acquire any financial interest in any virtual currency?"
and right #7 says: "Taxpayers have the right to expect that any IRS inquiry, examination, or enforcement action will comply with the law and be no more intrusive than necessary"
Whats the confusion? The IRS has a legitimate power to ask taxpayers about their income, in compliance with the law. Asking the question doesn't appear to be "more intrusive than necessary".
- freeAgent 6y agoPurchase and ownership of cryptocurrency is not taxable. The question is overly broad since it covers activity and situations that do not factor into tax liability.