Taxpayers are reminded that they must again answer a digital asset question on their 2022 Form 1040, 1040-SR, or 1040-NR federal income tax return and report all digital asset-related income when they file, as they did for fiscal year 2021. The term “digital assets” has replaced “virtual currencies,” a term used in previous years, the IRS explained. The question reads: “At any time during 2022, did you: (a) receive (as a reward, award or payment for property or services); or (b) sell, exchange, gift or otherwise dispose of a digital assets (or a financial interest in digital asset)?” [IRS News ...
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