Bitcoin & Crypto & NFT News
If you have not yet filed your taxes or are thinking about filing in the future: beware reporting bitcoin!
First off, I was prepared for this, but my modest bitcoin gains negated any refund I had for all of 2017
Not only that but I’m now being treated like a criminal by the IRS. I’m having to provide documentation of all my income for the last 2 years and present it in person 60 miles away.
I wish I would have not reported my bitcoin gains and dealt with the repurcussions later. I didn’t even gain that much (maybe $4000) and it negated a $3500 refund AND is holding everything up while people act like Dwight with me on the phone.
Ugh thanks for letting me vent