Department of Treasury (USDT) PDF Forms

Krakens Markets Blocked Unblock Follow Following Feb 28 The Department of Treasury (USDT) has announced the release of new forms for taxpayers to report Virtual Currency transactions. The new form, IRS Form 1040, is for individual taxpayers and asks for information about a person’s virtual currency transactions during the year. The instructions also released clarify certain tax treatment of virtual currencies, such as when gains or losses from virtual currency transactions are recognized. This is important news for taxpayers who engaged in any virtual currency transactions in 2018. So far this year, the USDT has been very active in issuing guidance related to cryptocurrencies. Last month, it issued a statement warning investors about security risks associated with investing in cryptocurrency and initial coin offerings (ICOs