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I just take the standard deduction.

Investments: Yes, I have to file a 1099. Business: no.

Crypto: I think your holdings have to be significant for it to matter whether you file this or not, maybe I broke a law here.

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The 2022 1040 has a line that says "At any time during 2022, did you: (a) receive (as a reward, award, or payment for property or services); or (b) sell, exchange, gift, or otherwise dispose of a digital asset (or a financial interest in a digital asset)?"

If the answer is yes, but you put no so that you didnt need to file any additional details, thats definitely illegal.

You broke the law if you sold crypto, regardless of amount.

Realistically what penalty do you think GP would face if they had failed to report those $15 in capital gains.

Sure, but that isn't what they are saying, they are saying that the tax code is that you report the gain.

I think most people don't report interest that is below the reporting threshold for the bank either. Doesn't change what the tax code says you are supposed to do.

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