RE: How to Account for Crypto on your 2019 Taxes - Interview with the Founder of CryptoTrader.Tax
Requirements:
I've heard that people who make less than $10K/year may not be attacked by the IRS if they fail to do their taxes. But I've not been able to confirm this.
What is Crypto?
I don't know if you've talked about how some people argue that crypto is not centralized fiat, technically speaking, that they are not tangible assets like gold, and that they are not the same as stock.
Taxing Crypto
But of course, governments do try to tax people for crypto. That is true. Governments also try to ban crypto.
The Fourth Amendment
In America, some people argue for the fourth amendment which deals with privacy, that government should not be required to know personal matters of individuals which may include money.
IRS vs 2nd Amendment
The irony is that the second amendment was with us during 1776, during the founding of our nation, and yet the IRS was not with us until over a century later.