Are Bitcoin transactions made through Cash App reported to the IRS?

3 answers

• Dec 18, 2021 · 3 years ago
  Yes, Bitcoin transactions made through Cash App are reported to the IRS. Cash App is required to comply with IRS regulations and report any transactions that meet the reporting thresholds. It is important to keep accurate records of your Bitcoin transactions for tax purposes.
  276138
• Dec 18, 2021 · 3 years ago
  Absolutely! Cash App is obligated to report Bitcoin transactions to the IRS. The IRS considers Bitcoin as property, and any gains or losses from Bitcoin transactions are subject to taxation. So, make sure you keep track of your transactions and report them accurately to the IRS.
  27993
• Dec 18, 2021 · 3 years ago
  As an expert in the field, I can confirm that Bitcoin transactions made through Cash App are indeed reported to the IRS. This is in line with the IRS's efforts to ensure compliance and prevent tax evasion in the cryptocurrency space. It's crucial to stay on top of your tax obligations and accurately report your Bitcoin transactions to avoid any potential issues with the IRS.
  37795