3/12/24: When Must You Check “Yes” to the IRS Crypto Question on Form 1040?

If you’re like 52 million other Americans, you own bitcoin – but you’re overlooking the tax implications. Today's podcast clarifies the tax responsibilities for digital asset owners. No 1099s for crypto? I'll reveal what you need to do – tune in now.  Subscribe to podcast updates: https://form.jotform.com/223614751580152 Ask Ric: https://www.thetayf.com/pages/ask-ric ----- Links from today's show: Tax Record Keeping and Reporting Services - DACFP: https://dacfp.com/yp/tax-record-keeping-and-reporting-services-for-digital-assets/ IRS: Updates to question on digital assets; taxpayers should continue to report all digital asset income | Internal Revenue Service: https://www.irs.gov/newsroom/irs-updates-to-question-on-digital-assets-taxpayers-should-continue-to-report-all-digital-asset-income Digital Assets | Internal Revenue Service (irs.gov): https://www.irs.gov/businesses/small-businesses-self-employed/digital-assets Spot Bitcoin ETFs Toolkit - DACFP: https://dacfp.com/toolkit/ DACFP Courses: https://dacfp.com/certification/online-courses/ ----- Follow Ric on social media: Facebook: https://www.facebook.com/RicEdelman Instagram: https://www.instagram.com/ric_edelman/ LinkedIn: https://www.linkedin.com/in/ricedelman/ X: https://twitter.com/ricedelman YouTube: https://www.youtube.com/@RicEdelman ----- Brought to you by: Invesco QQQ: https://www.invesco.com/qqq-etf/en/home.html Schwab: https://www.schwab.com/ Disclosure page: https://www.thetayf.com/pages/sponsorship-disclosure-fee -----