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Re: janice shell post# 8878

Sunday, 07/12/2020 1:36:00 PM

Sunday, July 12, 2020 1:36:00 PM

Post# of 12275
So I'm doing my taxes this afternoon (last minute, like always) and Turbo-Tax hits me with this:

Starting this year, the IRS requires taxpayers to indicate if they made any virtual currency transactions during the tax year. Virtual currency includes any type of cryptocurrency.

A transaction involving virtual currency includes any of the following:

- Receipt or transfer of virtual currency for free
- An exchange of virtual currency for goods or services
- A sale of virtual currency
- An exchange of virtual currency for other property (including for another virtual currrency)



https://www.irs.gov/pub/irs-drop/n-14-21.pdf