US based -
I’m not sure if anyone else has done a filing yet, but I just submitted two 8300 forms earlier today and it was pretty rough getting it setup/submitted. I know what to do now but the form doesn’t feel friendly to crypto and I’m questioning how the rest of the crypto community will do with it.
I can see two potential outcomes.. 1). I see people either not doing it at all or 2). Doing it incorrectly. To be fair, I’m still questioning whether I filled it out 100% correctly, but I guess it’s better than nothing. I can also see this impacting how people trade crypto if the IRS starts cracking down. I don’t feel great about it.
Thoughts?
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