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Friday, April 6, 2018

Cryptocurrency tax lessons

In March 2014, the IRS issued Notice 2014-21 to let us know that virtual currency should be treated as property (rather than as a currency). That helped answer a lot of questions, but not all.

I've got a short article in CoinDesk's Crypto and Taxes 2018 Series on lessons for the "taxman" based on virtual currency guidance and needs.

Please check it out - What the Taxman Can Learn From Crypto.

What do you think? What cryptocurrency tax issues are you dealing with?

8 comments:

Betta Tax said...

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Jon Sigurdsson said...

I suppose that's one way of handling it. Tax Services

David NU said...

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girija k said...

You probably saw how Bitcoin increased over 900% over the course of last year.
It was wild but not totally unprecedented if you’d been watching crypto currency over the last several years.
And here’s the crazy thing:
There are many other coins that still have tons of room to grow.
You may have heard of Ethereum, Litecoin, Ripple, and others but there are more coins and many more opportunities -
Follow the link below to get the full story.
https://cryptocrusher.net?46df4gsd4f

g rajesh said...

You probably saw how Bitcoin increased over 900% over the course of last year.
It was wild but not totally unprecedented if you’d been watching crypto currency over the last several years.
And here’s the crazy thing:
There are many other coins that still have tons of room to grow.
You may have heard of Ethereum, Litecoin, Ripple, and others but there are more coins and many more opportunities -
Follow the link below to get the full story.
https://cryptocrusher.net?46df4gsd4f

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Ahmed said...

Nice information, thanks for sharing in blog post and hope to see more in future.
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