The IRS Says Only 807 People Declared Bitcoin for 2015 Taxes

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The IRS Says Only 807 People Declared Bitcoin for 2015 Taxes
(See our indispensible Bitcoin IRS Tax Guide for Individual Filers)
According to the affidavit by the IRS, the agency “searched the MTRDB for Form 8949 data for tax years 2013 through 2015.”
The IRS has previously asked Coinbase, the leading wallet for digital currencies like Bitcoin
and Ethereum’s ether, to provide information about customer data.
The affidavit continues, “those results reflect that in 2013, 807 individuals reported a transaction” on this
form, while in 2014 only 893 reported such transactions, and for 2015 the number dropped to 802 individuals.
Now, according to an affidavit filed by the IRS with San Francisco federal court, it appears
that a mere 802 people in total have reported Bitcoin holdings for 2015.
“Asking for detailed transaction information on so many people, simply for using digital currency, is a violation of their privacy,
and is not the best way for us to accomplish our mutual objective.
The IRS seems to believe that the vast majority of Bitcoin holders are not filing the form with their agency, which could be in violation of tax law.


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