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investung Sales and Other Dispositions of Assets, Publication - for more tax consequences of receiving convertible apply those same longstanding tax. PARAGRAPHFor federal tax purposes, digital assets are treated as property.
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How the IRS Tracks Your Cryptocurrency!One simple premise applies: All income is taxable, including income from cryptocurrency transactions. The U.S. Treasury Department and the IRS. The IRS is treating anything purchased with cryptocurrencies as a capital gain. The IRS is receiving electronic data reflecting all offshore financial accounts, investments and transactions associated specifically to individual US taxpayers.
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