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U.S. IRS Publishes Updated Statement on Virtual Currencies

|Approved Changes|United States
United States

The U.S. IRS has published an updated webpage concerning the taxation of virtual currency, dated 12 February 2020.

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Virtual Currencies

Virtual currency transactions are taxable by law just like transactions in any other property. Taxpayers transacting in virtual currency may have to report those transactions on their tax returns.

What is Virtual Currency?

Virtual currency is a digital…

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