Where to start?

[ag maniac]

.....See here for more info.

....in the middle of that page-link

.....which will be redeemed by the IRS via 1040 Form on Line 21, which will be the grand total of all amounts of all transactions for the tax year, starting from your starting date.

I've been meaning to ask this question....

I've seen the examples of the 1040's & lawful money schedules on this forum.......but the bolded above implies I am to include all purchase transactions (and not just paycheck/deposits) on Line 21 also?? Meaning if I deposited 20,000 and spent every last cent of that, I would be claiming 40,000 on Line 21?

I know it's been discussed that when we spend Lawful Money, it goes back out "into the wild" as FRN's....so how does this reconcile, if at all?