Lying to IRS very popular among crypto investors: Almost everyone is underreporting
Earning crazy money with bitcoin is fun. But paying taxes on those bucks is a little less fun for majority of investors. According to reports from Credit Karma tax platform, revealed by CNBC, fewer than 100 people out of 250,000 who claimed to have holdings in crypto reported capital gains on their crypto investments to IRS. That is a staggering 0,0004 percent!