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Taxpayers with cryptocurrency holdings should property may not be exchanged to this blog and receive use tax rates.
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Taxpayers with cryptocurrency holdings should property may not be exchanged to this blog and receive use tax rates.
Real Economy publications. Contact Freeman Law to schedule a consultation or call to discuss your cryptocurrency and blockchain technology concerns. However, the issue remains relevant and hotly contested as the IRS continues a significant campaign to identify and audit cryptocurrency investors , including those who have not reported income from their cryptocurrency transactions. Even if the cryptocurrencies in question could possibly qualify as like-kind to one another, section contains very rigid requirements for structuring exchanges, as well as strict reporting requirements that crypto traders would have to follow to make a valid exchange. Real estate held primarily for sale does not�in other words, if a developer is building to sell, or a real estate "flipper" is buying a house to remodel and sell, they cannot trade those assets for other properties in a exchange.
