Bloomberg Crypto

Crypto Bros Appear to be Dodging Reporting Sales to the IRS

A new report suggests that a lot of people probably weren’t reporting crypto holdings to the IRS.
The Internal Revenue Service building in Washington, DC.Photographer: Eric Lee/Bloomberg
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Olga Kharif uses an academic lens to take a closer look at how US investors pay taxes on digital assets.

Tyler Menzer says he’s been combing through IRS data for several years in order to learn more about crypto investors. His takeaway: They may be dodging taxes.