[Dilbert San Diego]

There was a question on the 1040 form this year about cryptocurrency.

I’m not into bitcoin so have no vested interest in what happens. But I fail so see how it is any business of the IRS if people buy or spend Bitcoin.

[T.B. Yoits]

But I fail so see how it is any business of the IRS if people buy or spend Bitcoin.

Especially since any gain in value is not a capital gain; it's that the U.S. dropped in comparison. You already paid your taxes on your U.S. dollars.

If they want to tax gains on cryptocurrency, it's time to write off devaluation of U.S. dollars.

[Bones75]

“I’m not into bitcoin so have no vested interest in what happens. But I fail so see how it is any business of the IRS if people buy or spend Bitcoin.”

Because if you made any profit from it, they’d like very much to help themselves to some of that.

[palmer]

I send 15% of my bitcoin gains to the IRS and 6.25% to the state of Virginia (no break for long term capital gains in VA). Not a problem as long as I budget for it, or offset with bitcoin charitable donations.

[Mouton]

Just another made up violation. Lie about it and become a felon for doing something that is not a law violation. We manufacture nothing here EXCEPT potential law violations.