United States:
Virtual Currencies And The Commodity Trading Safe Harbor
25 July 2018
Ropes & Gray LLP
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Tax partner Jim Brown and tax associate Franziska Hertel
authored a recent Tax Notes Special Report article, in
which they analyzed whether the commodity trading safe harbor is
available to foreign investors engaging in virtual currency trades.
The IRS has taken an interest in the developing tax implications
and laws associated with the taxation of virtual currencies
including bitcoin and BlockChain. Disputing Tax has previously
reported on this topic as seen
here.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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