What? Crypto is classified as property for tax purposes. It's been that way for 10 or so years.
What? Crypto is classified as property for tax purposes. It's been that way for 10 or so years.
It's more complicated than that since the CFTC classified it as a commodity, and the IRS classified it as an asset. This then begs the question, who do you listen to?
It's more complicated than that since the CFTC classified it as a commodity, and the IRS classified it as an asset. This then begs the question, who do you listen to?
You don't know what the fuck you are talking about. The CFTC doesn't charge taxes. The IRS classifies crypto as property, not "assets". "Assets" isn't even a category of something that's taxed.
You don't know what the fuck you are talking about. The CFTC doesn't charge taxes. The IRS classifies crypto as property, not "assets". "Assets" isn't even a category of something that's taxed.
I sweat there was a debate at one point on how crypto would be classified, and it came back as 3 different things at the same time
I sweat there was a debate at one point on how crypto would be classified, and it came back as 3 different things at the same time
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