Just a note of interest here. This year, the IRS has added a y/n question to the top of Form 1040. “At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” A version of this query was on Schedule 1 of the 1040 in the 2019 return as “Have you received, sold, sent, exchanged, or otherwise acquired any financial interest in any virtual currency at any time during the year.”
When the IRS poses a new y/n question, it means that they have a serious interest and saying ‘n’ when you did ‘y’ can mean IRS charges ofFRAUD!
Bkmrk
Tide laundry detergent functioned at one point as virtual currency. For over more than a hundred years corn whiskey has been a exchange currency. The refusal to pay a tax on their own farm product converted to whiskey— a tax demanded by the British overlord Tryon in NC— was the REAL beginning of the Revolutionary War (the Stamp Act— on ALL paper, legal and otherwise was the final straw).
The notion of ‘virtual currency’ cannot be checked if it is not monitored by some organization that ties the transactions to individuals. So we have BATFE—for hooch, baccy, guns and even explosives— enforceable on the basis of “revenue” derived or not, from the sale— in order to TRACK the sale.
Swiss America.com :the War on Cash. Excellent write up.
Apparently cash is trackable... in the bills themselves- or so it is said.
And yet the same criminals of the demonrats do not want PHOTO ID to vote in a precinct one lives in. Oh, no, not that. Not link an actual living voter to a vote within the limits of the registered voters in a precinct. They in fact, impeach a former President because he has the actual numbers and cannot be allowed to expose THEIR FRAUD.
My favorite on the PA tax return is, “Did you purchase anything online?”
PWOC