tag:blogger.com,1999:blog-2135788133426971614.post5394261130023678787..comments2024-03-28T01:09:48.303-07:00Comments on 21st Century Taxation: Virtual Currency Question Gains Prominence on 2020 Return - Why?Professor Nellenhttp://www.blogger.com/profile/03288632402197167948noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2135788133426971614.post-14432317732306908482020-09-01T05:48:16.512-07:002020-09-01T05:48:16.512-07:00Keep up the great work! Thank you so much for shar...Keep up the great work! Thank you so much for sharing a great posts.Austinhttp://hotelpropertytaxconsultant.comnoreply@blogger.comtag:blogger.com,1999:blog-2135788133426971614.post-68417061231454458902020-09-01T05:46:31.141-07:002020-09-01T05:46:31.141-07:00Good to read. Great tips!Good to read. Great tips!Erichttp://enrichedrealestate.comnoreply@blogger.comtag:blogger.com,1999:blog-2135788133426971614.post-91656507846454525602020-08-28T08:45:21.722-07:002020-08-28T08:45:21.722-07:00Greg and Robert, thanks for the comments. There ar...Greg and Robert, thanks for the comments. There are many challenging issues with the question that now every individual taxpayer will puzzle over. I think at least 85% don't have any virtual currency, but they may still wonder why the question has such prominence on the 2020 return. I think it may cause many people without virtual currency to stay away from it as it clearly attracts IRS interest and scrutiny.Professor Nellenhttps://www.blogger.com/profile/03288632402197167948noreply@blogger.comtag:blogger.com,1999:blog-2135788133426971614.post-42696821320394880132020-08-26T16:51:27.766-07:002020-08-26T16:51:27.766-07:00Two things:
First, you should have a way to flag...Two things: <br /><br />First, you should have a way to flag comments that are potentially spam, or that are basically a method for the commenter to promote their website/etc.<br /><br />Second, the phrase "acquire an interest" is really poorly fleshed out, IMHO. Because if you get VC as a gift, you "acquire an interest" and most people aren't looking at it that way. For most of our clients who have a VC holding, they're thinking it only needs to be reported if there's a transaction (i.e., they sell at gain/loss). A buy and hold strategy still requires reporting when it comes to VC, and since they don't do that with stocks, it doesn't occur to them that VC is different. Greg Zbylutnoreply@blogger.comtag:blogger.com,1999:blog-2135788133426971614.post-70123246029684416002020-08-24T04:55:23.960-07:002020-08-24T04:55:23.960-07:00Well-done, Annette. You are combining discussion o...Well-done, Annette. You are combining discussion of a real economic problem, and the sometimes chaotic state of affairs with the IRSRobert W. Jamisonhttps://www.blogger.com/profile/15783525564531360104noreply@blogger.com