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IRS backtracks on whether Video Game Currencies are Taxable

Last week, CNN reported that the IRS quietly changed a provision on its website that said transactions of virtual currency like Fortnite’s V-bucks were taxable and may have to be reported on tax returns, as reported by CNN. The provision had been on the IRS’s website since at least October. On the archived version of the site, bitcoin, Ether, Roblox (likely referring to Robux from the game Roblox), and V-bucks […]

todayFebruary 21, 2020

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