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IRS posts finalized 1040 form with revised crypto question

The Internal Revenue Service (IRS) posted its finalized Form 1040, featuring some minor revisions to its crypto question. The IRS included a question on cryptocurrency at the top of the 1040 form last year: “At any time during 2020, did you receive, sell, or otherwise acquire any financial interest in any virtual currency?” The IRS made the move in the hopes of curbing any confusion on reporting cryptocurrency.  The 2020 wording left taxpayers with some questions, according to tax professionals. …