/IRS Reminds Taxpayers Cryptocurrency Income Is Taxable

IRS Reminds Taxpayers Cryptocurrency Income Is Taxable



U.S. taxpayers are required to report income from virtual currency transactions, the Internal Revenue Service has advised taxpayers in a notice. The agency has provided guidance on virtual currency in IRS Notice 2014-21 for taxpayers and tax preparers. Just like transactions in any other property, …

Source: IRS Reminds Taxpayers Cryptocurrency Income Is Taxable