NEW IRS FORM IN CRYPTO AUDITS DEMANDS FULL HISTORY OF EXCHANGES AND WALLETS
A new IRS form being sent in crypto audits lists 100+ platforms including Coinbase, Binance, Kraken, FTX, and Mt. Gox, as well as self custody wallets like MetaMask, Ledger, and Trezor.
Recipients must mark YES or NO for each platform and sign the document under penalties of perjury.
The form appears designed to map a taxpayer’s entire crypto footprint across exchanges and wallets, potentially going back years. Missing a platform used long ago could raise questions, while disclosing many may open new lines of inquiry.
Tax professionals warn the document could carry significant legal risk and advise consulting a crypto tax attorney before signing.