“What am I missing?”
1. It is still a draft so they are not ‘now’ asking you.
2. 1040 Schedule 1 is NOT the most widely used form.
Schedule 1 required if any virtual currency transaction therefore all clients need to be asked question
Draft given to software companies means almost done deal as far as irs is concerned. Programmers need to have initial software ready in about 4 weeks. We start preparing our questions for clients in December for mailing early Jan.