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Has anyone here actually been audited for not reporting less than $600 in crypto?

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by COINS NEWS 92 Views

Crypto exchanges don’t report a 1099 unless you make over $600, but the IRS says that you must report all transactions under $600 regardless. Has anyone who fell under $600 actually gotten in trouble with the IRS, or know someone who has? Just curious how much they enforce it or if they even bother with it, especially if it’s a net loss, requiring a refund for the person. I will now fill this in to reach the 500 letter count I will now fill this in to reach the 500 letter count I will now fill this in to reach the 500 letter count

submitted by /u/yummyyummyzxzx
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