The US Internal Revenue Service issues a new draft 1040 form that will first ask taxpayers about their encryption activities.

On October 12th, the US Internal Revenue Service (IRS) issued its new draft 1040 form on additional income and income adjustments, which will first ask US taxpayers about their encryption activities. The first line of the form asks: “In 2019, whether you received, sold, sent, traded or otherwise obtained the proceeds of any currency related to cryptocurrency.” and set the yes or no option.