Crypto exchanges don’t report a 1099 unless you make over $600, but the IRS says that you must report all transactions under $600 regardless. Has anyone who fell under $600 actually gotten in trouble with the IRS, or know someone who has? Just curious how much they enforce it or if they even bother with it, especially if it’s a net loss, requiring a refund for the person. I will now fill this in to reach the 500 letter count I will now fill this in to reach the 500 letter count I will now fill this in to reach the 500 letter count
submitted by /u/yummyyummyzxzx
[link] [comments]