August 2018 JD Supra

There continues to be limited Virtual Currency (VC) guidance from the US Treasury and the IRS and VC investors ought to proceed cautiously.  IRS continues to make reference to Notice 2014-21 to remind Taxpayers that VC currency is treated as property for U.S. federal tax purposes and that the general tax principles that apply to property transactions apply to transactions using VC.  https://www.jdsupra.com/legalnews/what-is-a-virtual-currency-taxable-event-21056/