The IRS is still uncertain as to how they will treat cryptocurrency airdrops. Additionally, the agency clarified how users can’t defer taxes on transactions occurring before 2018. It is promising to see the IRS focus on cryptocurrencies in this day and age. Bringing them into the mainstream adds more legitimacy to Bitcoin and altcoins. The IRS Isn’t Flexible With Cryptocurrency In a recent statement. an official commented on cryptocurrency transactions prior to 2018. Some users expected they would be able to defer taxes on exchanges before that time period. Unfortunately for them, that will not be the case after all.
The post The IRS Still Hasn’t Decided if They Want to tax Cryptocurrency Airdrops appeared first on The Merkle Hash.
Powered by WPeMatico
