The question about whether you made money on cryptocurrency is even higher on your tax form than the line for your wages. There are new tools to help you get it right.
The Internal Revenue Service may run on ancient technology, but that isn’t stopping it from taking its cut from your newfangled cryptocurrency winnings. In case you didn’t notice last year — or pretended not to — the I.R.S. moved the question about whether you sold, exchanged or “otherwise” disposed of any financial interest in virtual currency. It’s now high up on the 1040 form — above even where you list your wages.