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The Daily Hodl
2021-03-05 20:00:13

IRS Answers Critical Question on Bitcoin and Crypto Tax Reporting for US Citizens

The Internal Revenue Service (IRS) is addressing critical questions related to the taxation of virtual currencies such as Bitcoin (BTC) in the US. In a new FAQ resource, the agency clarifies that in its view, American taxpayers did not acquire a financial interest in crypto if they only bought – but did not sell – […]The post IRS Answers Critical Question on Bitcoin and Crypto Tax Reporting for US Citizens appeared first on The Daily Hodl.

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