Are you properly accounting for your “digital asset-related” income? The IRS is reminding taxpayers that they must answer a digital asset question and report all digital asset-related income when they file their 2022 income tax returns. Be aware that the term “digital assets” has replaced “virtual currencies,” a term used in previous years. The question, which appears at the top of Forms 1040, 1040-SR and 1040-NR, was revised this year with the updated terminology. All taxpayers must answer the question regardless of whether they engaged in transactions involving digital assets. Contact us with questions regarding digital asset-related income or visit: https://bit.ly/3ky8gKu
