Tax
Apr. 12, 2018
Should you report 1031 exchanges of bitcoin?
You might still think that the biggest tax debate about bitcoin and other cryptocurrency is about whether you should or shouldn’t report it.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
You might still think that the biggest tax debate about bitcoin and other cryptocurrency is about whether you should or shouldn't report it. Or perhaps you wonder whether the IRS will catch people who don't. Actually, though, there is not too much debate about those topics these days. Everyone seems to know that you should report, and that the IRS is after crypto taxes and holdouts to reporting in a very serious way.
The IRS is trac...
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