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Taxes due for 2016 purchases using Bitcoin?

Bitcoin Reddit

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So today's deadline for 2021 has me with butterfly's in my stomach. Could I owe the fed for 2016 purchases made using Bitcoin? I do not recall an IRS rulings on crypto until 2017/2018. Should anyone who made purchases using Bitcoin or other cryptos in prior years need to file corrected returns for 2016 (and/or 2015 and earlier)?


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