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For example, will self-held cryptocurrency wallets need reporting as well there far certainly some grey outside the US. Insight meets inbox Quarterly insights and articles directly to your. The most likely timetable for the proposed change is that the details will be worked out and announced in and be applied to the tax year for filing in Quarterly insights and articles directly to your email inbox.
How should virtual currencies be reported currently.
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How are my crypto sales taxed? Do I have to file an FBAR because of my bitcoin?On 31st December , the IRS announced that it intended to add virtual currency accounts as reportable under FBAR rules. marketplace Bitstamp When the IRS learned of Zietzke's additional account, it sent a summons to Bitstamp �direct[ing]. Bitstamp to produce for examination. The IRS issued guidance saying Bitcoins are PROPERTY not currency. You said yourself: the FBAR requirement applies if you have more than $10,