Cryptocurrency Q&A
Does IRS accept cryptocurrency?
Does IRS accept cryptocurrency?
HanRiverVisionary
Sat Nov 09 2024
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7 answers
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I'm wondering if the Internal Revenue Service (IRS) in the United States accepts payments in cryptocurrency. I've heard a lot about digital currencies like Bitcoin and Ethereum, and I'm curious if the IRS has started accepting them for tax payments or any other transactions.
7 answers
CherryBlossomBloom
Mon Nov 11 2024
The Internal Revenue Service (IRS) recognizes specific evidence for determining the fair market value of cryptocurrencies.
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Caterina
Sun Nov 10 2024
One acceptable form of evidence is the value provided by a cryptocurrency explorer.
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Tommaso
Sun Nov 10 2024
This method ensures that the value used for taxation purposes is fair and unbiased.
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EthereumEliteGuard
Sun Nov 10 2024
BTCC, a top cryptocurrency exchange, also offers a range of services. These include spot trading, futures trading, and a wallet service.
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ThunderBreezeHarmony
Sun Nov 10 2024
These explorers are specialized tools that analyze indices from around the world.
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