Too Long; Didn't Read
IRS recognizes any income generated by trading cryptocurrency or accepting cryptocurrency for goods and services as taxable. So, it’s mandatory to file your gains along with your tax returns before the midnight of April 17th. As we have seen IRS trying to <a href="https://finance.yahoo.com/news/americans-may-owe-25-billion-crypto-taxes-much-will-report-123754863.html" target="_blank">fetch information</a> of cryptocurrency traders from various sources, they doesn’t seem to go easy on people who doesn’t report their income or gains on crypto.