_irs-clarifies-digital-asset-rules.jpg "IRS Clarifies Digital Asset Rules from irs 1040 tax form instructions Video Screenshot Preview")
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✓ Published: 19-Oct-2022
✓ Published: 19-Oct-2022
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Tuesday October 18, 2022 - We have previously reported on the Internal Revenue Service (IRS) switching terms from Virtual Currency to Digital Assets. Today, the IRS clarified how to report Digital Assets on their 1040 income tax forms – setting up additional regulations very soon.nnFurther, the IRS defined Digital Assets to include:nn•tVirtual currencies such as Bitcoin and Ethern•tStablecoins such as Tether and USD Coin (USDC) n•tNon-fungible tokens (NFTs)nYou may owe taxes on the follo
Tuesday October 18, 2022 - We have previously reported on the Internal Revenue Service (IRS) switching terms from Virtual Currency to Digital Assets. Today, the IRS clarified how to report Digital Assets on their 1040 income tax forms – setting up additional regulations very soon.nnFurther, the IRS defined Digital Assets to include:nn•tVirtual currencies such as Bitcoin and Ethern•tStablecoins such as Tether and USD Coin (USDC) n•tNon-fungible tokens (NFTs)nYou may owe taxes on the follo
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