No, the IRS is not forcing you to list all your crypto wallets
A photograph of a tax form fooled thousands of people on social media into thinking the IRS is demanding a list of everyone’s crypto wallets.
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A photograph of a tax form fooled thousands of people on social media into thinking the IRS is demanding a list of everyone’s crypto wallets.
Read more (2 min) →Major changes to IRS cost basis reporting requirements for crypto purchases are going into effect on January 1, 2026.
Silk Road founder Ross Ulbricht received millions of dollars in crypto and could owe a substantial amount in gift taxes to the IRS.
According to the DoJ, Frank Richard Ahlgren III “falsely underreported capital gains” earned from BTC worth $3.7M between 2017 and 2019.
Many were led to believe that Kamala Harris' unrealized gains tax would force them to sell off their crypto and mail the proceeds to the IRS.