The U.S. Senate Committee on Finance sought the help of the cryptocurrency industry to better understand how Congress can address the tax challenges and opportunities presented by digital assets.
series of questions"In recent months, the Committee on Finance initiated a bipartisan effort to identify key questions that lie at the intersection of digital assets and tax law," the letter said."The Internal Revenue Code of 1986, as amended , draws distinctions between types of property, with no straightforward classification for digital assets. This uncertainty creates complex reporting issues for taxpayers ...
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