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Tax 101: Virtual Currency – What Is It? And How Is It Taxed?

Volume 4 No 12    /    Read Article

By Alev Fanny Karaman

With the recent launch of Bitcoin futures trading, this once obscure asset class may soon become a mainstream investment. Alev Fanny Karaman delves into the details of virtual currency in the U.S. context. She explains the blockchain computations that make Bitcoin and other cryptocurrencies attractive to investors and the U.S. tax treatment and reporting obligations of virtual currency holders.    See more →