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IRS Virtual Currency Guidance | Internal Revenue Service

IRS Virtual Currency Guidance

IRS Virtual Currency Guidance : Virtual Currency Is Treated as Property for U.S. Federal Tax Purposes; General Rules for Property Transactions Apply

IRS Statements and Announcements

IR-2014-36, March. 25, 2014

WASHINGTON -- The Internal Revenue Service today issued a notice providing answers to frequently asked questions (FAQs) on virtual currency, such as bitcoin. These FAQs provide basic information on the U.S. federal tax implications of transactions in, or transactions that use, virtual currency.

In some environments, virtual currency operates like "real" currency -- i.e., the coin and paper money...

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Date: 2017-12-19 22:33:49

Related topics : virtual currency like bitcoin / virtual currency exchange bitcoin / virtual currency meaning / virtual currency exchange / virtual currency bitcoin

Virtual Currencies | Internal Revenue Service

The sale or other exchange of virtual currencies, or the use of virtual currencies to pay for goods or...

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Date: 2017-12-19 22:34:56

Related topics : virtual currency exchange business / virtual currency exchange / virtual currency