Reporting virtual currency transactions | Tax Section Odyssey
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Reporting virtual currency transactions | Tax Section Odyssey

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The use of virtual currencies to pay for goods or services as well as the holding of virtual currencies as an investment may have tax consequences and could result in a tax liability.

With the virtual currency checkbox question moved to page 1 of the Form 1040, U.S. Individual Income Tax Return, and the updates to the Form 1040 instructions, the IRS has an increased interest in virtual currency as it becomes more commonplace in the economy. But what

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