Biden Administration Proposes Changes to the Taxation of Cryptocurrency Transactions
By Robert A. Friedman, Martin T. Hamilton, David S. Miller, Amanda H. Nussbaum, Stuart Rosow, Rita N. Halabi
On March 28, 2022, the Biden Administration proposed certain very limited changes to the taxation of cryptocurrency transactions. The proposals do not change the current treatment of cryptocurrency as property for federal income tax purposes, and do not address any of the fundamental tax issues that cryptocurrency raise.
Read the full post on our Tax Talks blog.
Originally published at blockchainandthelaw.com
Citation
Robert A. Friedman, Martin T. Hamilton, David S. Miller, Amanda H. Nussbaum, Stuart Rosow, Rita N. Halabi, Biden Administration Proposes Changes to the Taxation of Cryptocurrency Transactions, Blockchain and the Law (May 6, 2022) [The Library at LexBlog, LEX-WK-BCB0M1J1, lexpid.org/BCB0M1J1]
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