How IRS Knows You Owe Crypto Taxes

In this video I explain how the IRS knows you owe crypto taxes. Main ways IRS knows about your crypto activity is by looking at 1099-K & 1099-B forms. IRS also gets information through subpoenas issued to exchanges like Coinbase and the answer you report on IRS crypto question on Schedule 1 (At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any
virtual currency?)
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Shehan Chandrasekera, CPA😀
CoinTracker: https://www.cointracker.io?utm_source=youtube
Twitter: https://twitter.com/TheCryptoCPA
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Forbes: https://www.forbes.com/sites/shehanchandrasekera/#41b3f6b7465e
YouTube: https://www.youtube.com/channel/UCSdbxHZtnxP4tYnjUhaprTg
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Disclaimer: this video is informational only and is not intended as tax or investment advice. For tax or investment advice, please consult a professional.

Видео How IRS Knows You Owe Crypto Taxes канала CoinTracker