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Published: Aug 05, 2022 4 min read

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Photocollage of some IRS tax forms and crypto coins
Money; Getty Images

When you file your 2022 taxes, you’re likely to come across a new question about cryptocurrencies right on the first page of your tax return. But it might look a little different than in years past.

The IRS first added a crypto question to the top of Form 1040 — the main federal income tax document almost every taxpayer files — for the 2020 tax year. Previously, the question appeared on the Schedule 1, which is used to report additional forms of income. Now the IRS wants to change the question yet again, according to a new draft of the 2022 version of the 1040 recently published by the agency.

“At any time during 2022, did you: (a) receive (as a reward, award, or compensation); or (b) sell, exchange, gift, or otherwise dispose of a digital asset (or a financial interest in a digital asset)?” the IRS asks on the draft form.

The yes-or-no question previously read: “At any time during 2021, did you receive, sell, exchange, or otherwise dispose of any financial interest in any virtual currency?”