The IRS Is Paying Attention to Cryptocurrency

The first question on the Form 1040 asks if you're doing crypto, here's what they say. At any time during 2022, did you A, receive as a reward, award, or payment for property of service, or B, sell exchange gift or otherwise dispose of a digital asset? The IRS is saying, we don't care how you got rid of it,. Did you dispose of it in some other way? And one of the interesting words there is gift. If you buy Bitcoin with cash, you are not required to check the yes box.