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You can tell something is on the IRS radar when they actually put a question on the tax return to remind people to report the gains from such transactions. Beginning last year, the IRS asked a question on the first page of the Form 1040 to see if a taxpayer sold, sent, exchanged or otherwise acquired any interest in cryptocurrency or any other virtual currency. \n\nIn these lively interviews, Jeff Dvoracheck, CPA, breaks down complex tax topics into bite-size how-to's.\n\nHawkins Ash CPAs is a full-service public accounting firm providing individuals, businesses and organizations the services they need to save taxes, preserve wealth and maintain compliance. We have offices in Wisconsin and Minnesota. \n\nLearn more at https://HawkinsAshCPAs.com/.\n\nListen to more of the Tax Insights Podcast on YouTube at https://youtube.com/playlist?list=PLpF_o07d5AnStS_y8NAdbouPr3pdgiQQG\n\nListen to more of the Tax Insights Podcast at https://hawkinsashcpas.com/cpa-hq/podcast/.