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Cryptopolitan 2019-12-20 21:50:30

Crypto tax regulation: 8 Congress reps send letter to IRS urging crypto tax clarity

Eight members of US Congress have sent a letter to the Internal Revenue Service requesting the agency to clarify crypto tax laws. The letter requests the IRS to clarify tax laws surrounding crypto events such as airdrops and forks. IRS’ crypto tax regulation The congressmen appreciated that the agency responded to their letter that was sent back in April 2019. However, they stated that the guidelines issued by IRS created many new questions about taxation regarding crypto events such as forks and airdrops. The letter dated December 20 was signed by eight members of Congress who have not issued any

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