The Classification of Bitcoin and Cryptocurrency by the IRS - CPAPracticeAdvisor.com

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The Classification of Bitcoin and Cryptocurrency by the IRS
CPAPracticeAdvisor.com
In 2014, after many years of speculation, the Internal Revenue Service (IRS) issued guidance in Notice 2014-21 that classified cryptocurrency as property[1], not currency, for federal income tax purposes. But according to the requirements of the ...