IRS Says Fewer Than 100 People Have Reported Bitcoin Holdings So Far
Credit Karma Tax, the tax prep branch of the popular credit score site, said April 13 that fewer than100 of the 250,000 most recent tax filers through the servicehave reported cryptocurrency transactions. One of the biggest questions this tax season has been the impact that last year’s cryptocurrency boom would have on filers across the U.S. In 2017, cryptocurrencies became among the very trendiest investment (or speculation, depending upon your perspective) opportunities.
Now, after months of debate and questions about exactly what the implications of digital currencies are for U.S. tax filers, tax day is approaching.