IRS to Release In-Depth Crypto Tax Guidance ‘Soon’

Those involved in the crypto-related activity are aware of the necessity to pay taxes. However, there has been a lack of clarity on how cryptocurrency investors should be taxed and what are the proper procedures. To change that, the US Internal Revenue Services (IRS) has promised to release its official crypto tax guidance in the nearest future.

According to IRS Commissioner Charles P. Rettig, issuing tax guidance and providing clarity on digital taxation is one of the priorities of the IRS right now.

In a letter to Tom Emmer from the US House of Representatives, who asked for further guidance on reporting cryptocurrencies...

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