kaal:claim:3002908-014

Crypto gains are being massively underreported: despite Bitcoin rising from under twenty dollars in 2013 to over twelve hundred dollars in 2017, the IRS received only about 900 Forms 8949 indicating crypto gain or loss over four years.

Source quote, verbatim

While the value of Bitcoin in 2013 under $20 and its value appreciated to over $1200 in 2017, in the past four years, the IRS has only received around 900 Form 8949 that would indicate some gain or loss from cryptocurrencies.

From

Wulf A. Kaal, Marco Dell'Erba, Blockchain Innovation in Private Investment Funds - A Comparative Analysis of the United States and (2017), III.2. United States, p. 18
https://ssrn.com/abstract=3002908 · source PDF

Cite as

Wulf A. Kaal, Marco Dell'Erba, Blockchain Innovation in Private Investment Funds - A Comparative Analysis of the United States and (2017). SSRN: https://ssrn.com/abstract=3002908

Holds when

US federal tax reporting, four year window ending 2017

Classification

empiricalsupport: evidencedfailure: crypto-tax-underreportingfamily: enforcement-gapcompliancedisclosure

Related claims

restates kaal:claim:2998033-017 Cryptocurrency gains are massively underreported to the IRS: despite Bitcoin rising from under twenty dollars ...

Verify

The quote above is an exact substring of the source PDF, whose sha256 is 06a7b61e75f905ee07e422e875d83a65c5033a248a6e05a213523b034e5db534. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/e9dfd4aedd8ae1c8...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3002908-014.md | sha256sum