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Home > Federal Tax Update Podcast > 2019-10-14 Virtual Currency and Taxes
Podcast: Federal Tax Update Podcast
Episode:

2019-10-14 Virtual Currency and Taxes
Category: Business
Duration: 00:31:57
Publish Date: 2019-10-13 20:28:42
Description:

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.
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