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RE: The Best Crypto-Related Tax Advice I Could Ever Provide
They are probably already working on crypto tracking. Only matters when you go from crypto to fiat though for now
They are probably already working on crypto tracking. Only matters when you go from crypto to fiat though for now
You're right. The IRS has been working with Chainalysis to track bitcoin transactions since 2015. https://www.coindesk.com/irs-using-bitcoin-tracking-software-since-2015/
Here's a demo.
The problem is that they'll have to do that with other currencies too. Don't know if that will work. Will they really be able to track all these currencies?