So now that we are in 2022 the new reporting rules are now in force. I know a lot of people still buy and sell
BTC through PayPal and other ways.
A quick link:
https://newsroom.paypal-corp.com/2021-11-04-New-US-Tax-Reporting-Requirements-Your-Questions-AnsweredAlthough this is the PayPal link it's the same for all services that move money between people.
And, the new bank reporting rules are also coming.
I know there are a lot of people who have played a bit "fast and loose" with tax reporting.
Others have reported it all but this is just more data to keep track of during the year.
Just wondering if anyone in the US thinks this will change the way they deal with buying and selling
BTCI wont change much. I am out of dealing with PayPal for other reasons and never really did much with other forms of transfer.
-Dave