Quoted from emmer.house.gov on Apr 11th, 2019
Terri Sewell signed a bipartisan letter to the IRS requesting guidance on how to report virtual currency ahead of tax day.
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Created on 2024-03-06T17:49:30.770Z
This request highlights the lack of clarity since the 2014 IRS guidance, which treated digital assets as property but left many reporting questions unanswered. The lack of further guidance since then has been a concern for taxpayers and has been criticized for creating ambiguity in how to calculate and report virtual currency transactions.