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This page is designated as historical and is no longer. The IRS is actively addressing an archival or historical document and may not reflect current ranging from taxpayer education to.
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How the IRS Tracks Your Cryptocurrency!The new revenue ruling addresses common questions by taxpayers and tax practitioners regarding the tax treatment of a cryptocurrency hard fork. The IRS did not give any indication as to what circumstances would lead it to conclude that cryptocurrency had in fact become legal tender. The long-anticipated ruling definitively sets forth the IRS' position that staking rewards are income for US federal income tax purposes.