Sell a domain name for bitcoin? Make sure to report it to the IRS

Domain Name Wire Domain Name Wire: A crypto transaction is not a tax-free transaction. U.S. taxpayers who sell domain names for cryptocurrencies such as bitcoin and ether must report these as income on their income tax returns. For this year’s tax returns, the Internal Revenue Service is setting a trap for anyone who doesn’t report cryptocurrency profits. The Wall Street Journal […]
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