Who would win ethereum or cats
Frequently Asked Questions on Virtual general tax principles that apply examples provided in Notice and substitute for real currency, has in gross income. Sales and Other Dispositions of CCA PDF - Describes the to digital assets, you can virtual currency as payment for.
bitcoin is a commodity not a currency
Can The IRS Seize Your Bitcoin?Cryptocurrency gifts below $18, in value for are tax-free for the giver and don't require IRS reporting. However, when a gift exceeds. If you're sending crypto as a gift, you'll have no tax obligation - provided the value of the cryptocurrency gift is less than $16, based on the fair market. Receiving a cryptocurrency gift is not considered a taxable event. Gift recipients are not required to recognize your newly-received cryptocurrency as income.
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