The IRS apparently sent a courtesy update (sounds better than "warning shot") to some cryptocurrency enthusiasts who may have underreported their incomes.https://www.wsj.com/articles/irs-sending-warning-letters-to-more-than-10-000-cryptocurrency-holders-11564159523?mod=rsswn …
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The big problem is most exchanges before 2015 had no functionality for users to download a complete transaction history. So if you closed your acct or the exchange got shut down, there’s no way to prove anything with regards to origin of funds unless you manually kept records.
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while there are certainly some folks who are evading taxes full stop, it is currently borderline impossible to, in earnest, know that you are complying with irs guidance (which does not exist yet). aside from policy, the exchanges still dont have factually consistent reporting.
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