IRS Issues New Crypto Tax Guidance After 5 Years – Experts Weigh In

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The U.S. Internal Revenue Service (IRS) has issued long-awaited guidance on the tax treatment of cryptocurrencies. It is generally described by the crypto community as a mixed bag since some parts are useful while others have raised many more questions, particularly how cryptocurrencies from hard forks and airdrops are taxed. Also read: 10 Tax Tools to Help Crypto Owners New Crypto Tax Guidance The IRS has finally issued the long-promised follow-up guidelines on the tax treatment of crypto assets. The agency’s new guidance, published Wednesday, includes Revenue Ruling 2019-24 and 43 frequently asked questions (FAQs). “The new revenue ruling addresses…
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IRS Issues New Crypto Tax Guidance After 5 Years – Experts Weigh In

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