IRS Publishes New FAQ on Crypto
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The IRS published a new FAQ on crypto recently, and in this video I go over it. The new change is nothing new: crypto is being treated as capital property, trades incur a capital gain or loss, income of any sort is income based on FMV on that date.
If you have general tax questions on this, leave a comment. I can't comment on specific questions because everyone's situation is different.
Also, this obviously only applies to US taxpayers.
https://www.irs.gov/businesses/small-businesses-self-employed/virtual-currencies
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