2019-10-14 Virtual Currency and Taxes
Current Federal Tax Developments for the week of October 7, 2019: Virtual Currency and Taxes IRS expands IP PIN program to 10 more states Question on virtual currency transactions will be on Schedule 1, Form 1040 and 1040SR, along with release of more draft instructions Hard forks of virtual currencies are taxable events per IRS and the rule appears to apply retroactively Additional set of FAQs added for taxation of virtual currencies to IRS website Copyright 2019 Kaplan, Inc.
