The 1040 form is going to feature a direct question asking if filers, at any time during 2020, sold, received, sent, exchanged or acquired “any financial interest in any virtual currency.” Taxpayers will be asked to check either “Yes” or “No.”
The question also appeared on tax documents in 2019, but on a portion of the return that was not mandatory. It will now be featured just below the section for name and address.