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  • How will Crypto and virtual currency be taxed?

    Posted by James on 18 November 2021 at 9:25 am

    Based on the article below… IT DEPENDS WHO YOU ASK!

    Despite the confusing interpretations by US regulators, non-compliance with crypto tax rules can cost taxpayers dearly. Unfortunately, the answer to “how is virtual currency taxed” depends on who you ask.

    The IRS, The Financial Crimes Enforcement Network (FinCEN), the Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC) all have different regulatory interpretations for digital currency.

    Continue reading here: Foodman CPAs & Advisors

    James replied 2 years, 8 months ago 1 Member · 0 Replies
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