https://www.newsbreakapp.com/n/0MRBs2yi?s=a3&pd=023dWHXg
The Internal Revenue Service wants a piece of the crypto action Yahoo! Donald Trump might not be a fan of cryptocurrencies, but the Internal Revenue Service still wants its cut of the profits. Shared from News Break _____________ Jim Bell's comment follows:As I understand it, in America buying and selling (foreign) currencies is tax-free. The IRS arbitrarily decided, maybe in 2013, that Bitcoin would be treated differently: presumably because they knew that it would dramatically appreciate, as it has, so that they would get a cut of the increase in value. Which, of course, is unfair. No actual value increase occurs.
