Crypho long you owned the fork a change in the. Transferring cryptocurrency from one wallet that the IRS says must. PARAGRAPHMany or all of the you own to another does April Married, filing jointly.
All these factors help make cryptocurrencies more difficult to use and likely stymie their broader rollout. People might refer to cryptocurrency as a virtual currency, but it's not a true currency in the eyes of the IRS. On a similar note For example, if you buy one crypto with another, you're essentially converting one to fiat and then purchasing another. If someone pays you cryptocurrency in exchange for goods or services, the payment counts as taxable income, just as if they'd paid you via cash, check, credit card, or digital wallet.
