https://vimeo.com/365964311
https://www.currentfederaltaxdevelopments.com/podcasts/2019/10/12/2019-10-14-virtual-currency-and-taxes
This week we look at:
- 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