๐Ÿ๐ŸŽ๐Ÿ’๐ŸŽ ๐ญ๐จ ๐€๐’๐Š ๐€๐๐Ž๐”๐“ ๐•๐ˆ๐‘๐“๐”๐€๐‹ ๐‚๐”๐‘๐‘๐„๐๐‚๐˜ (๐Ÿ๐ŸŽ/๐Ÿ๐Ÿ’/๐Ÿ๐ŸŽ๐Ÿ๐Ÿ—)

A second early release draft of the 2019 Form 1040, Schedule1, Additional Income and Adjustments to Income, inquires about Virtual Currency.

On the top of the page below the Name Section, the following question appears:

โ€œ๐‘จ๐’• ๐’‚๐’๐’š ๐’•๐’Š๐’Ž๐’† ๐’…๐’–๐’“๐’Š๐’๐’ˆ 2019, ๐’…๐’Š๐’… ๐’š๐’๐’– ๐’“๐’†๐’„๐’†๐’Š๐’—๐’†, ๐’”๐’†๐’๐’, ๐’”๐’†๐’๐’…, ๐’†๐’™๐’„๐’‰๐’‚๐’๐’ˆ๐’† ๐’๐’“ ๐’๐’•๐’‰๐’†๐’“๐’˜๐’Š๐’”๐’† ๐’‚๐’„๐’’๐’–๐’Š๐’“๐’† ๐’‚๐’๐’š ๐’‡๐’Š๐’๐’‚๐’๐’„๐’Š๐’‚๐’ ๐’Š๐’๐’•๐’†๐’“๐’†๐’”๐’• ๐’Š๐’ ๐’‚๐’๐’š ๐’—๐’Š๐’“๐’•๐’–๐’‚๐’ ๐’„๐’–๐’“๐’“๐’†๐’๐’„๐’š?โ€

Taxpayers who file Schedule 1 to report income or adjustments to income that canโ€™t be entered directly on Form 1040 should check the appropriate box to answer the virtual currency question.

Taxpayers do not need to file Schedule 1 if their answer to this question is NO and they do not have to file Schedule 1 for any other purpose.

For a copy of 2019 Form 1040, Schedule 1, see https://www.irs.gov/pub/irs-dft/f1040s1–dft.pdf

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๐“๐ก๐จ๐ฆ๐š๐ฌ ๐‰๐š๐ฆ๐ž๐ฌ ๐‚๐š๐ซ๐ซ๐จ๐ฅ๐ฅ, ๐.๐‚. ๐ข๐ฌ ๐š ๐ฅ๐š๐ฐ ๐Ÿ๐ข๐ซ๐ฆ ๐Ÿ๐จ๐œ๐ฎ๐ฌ๐ข๐ง๐  ๐จ๐ง ๐Ÿ๐ž๐๐ž๐ซ๐š๐ฅ ๐š๐ง๐ ๐ฌ๐ญ๐š๐ญ๐ž ๐ญ๐š๐ฑ๐ž๐ฌ ๐ญ๐ก๐š๐ญ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž๐ฌ ๐ข๐ง๐๐ข๐ฏ๐ข๐๐ฎ๐š๐ฅ๐ฌ ๐š๐ง๐ ๐›๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ๐ž๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ญ๐š๐ฑ ๐ก๐ž๐ฅ๐ฉ ๐š๐ง๐ ๐ฌ๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ ๐Ÿ๐จ๐ซ ๐ญ๐จ๐๐š๐ฒ ๐š๐ง๐ ๐ญ๐จ๐ฆ๐จ๐ซ๐ซ๐จ๐ฐ.

๐Ž๐ฏ๐ž๐ซ ๐Ÿ‘๐ŸŽ ๐˜๐ž๐š๐ซ๐ฌ ๐จ๐Ÿ ๐„๐ฑ๐ฉ๐ž๐ซ๐ข๐ž๐ง๐œ๐ž ๐ข๐ง ๐ˆ๐‘๐’, ๐๐˜ & ๐๐‰ ๐“๐š๐ฑ ๐€๐ฎ๐๐ข๐ญ๐ฌ, ๐€๐ฉ๐ฉ๐ž๐š๐ฅ๐ฌ & ๐“๐š๐ฑ ๐๐ฅ๐š๐ง๐ง๐ข๐ง๐ .

๐–๐–๐–.๐“๐‰๐‚๐€๐‘๐‘๐Ž๐‹๐‹-๐‹๐€๐–.๐‚๐Ž๐Œ