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Does the IRS not get sent electronic copies directly from the brokers?
Even if they do they still have to deal with pallets of confidential information. Im sure there's a whole process of nonsense just to deal with all this data even if its never looked at.
somehow i doubt there is an address to ship returns via freight
Don't know how old that post is or if it's just a LARP fag. Do they have to take paper if you refuse to do digital doc transfer?
There might also be different rules for private citizens and organizations.
Just speculating.
No. Because a crypto exchange is also a wallet, and so indicating what are spends verse transfers between exchanges is up to you. And it matters because taxes follow FIFO cost so your investment history since before you interacted with that exchange and what you've done on other exchanges can be relevant. They don't have the information needed to prepare useful tax data. Because of that you are responsible to report.
(post is archived)