CryptoPioneer
Sun Sep 08 2024
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5 answers
976
Will states issue state tax guidance on virtual currencies and cryptocurrencies?
Could you please elaborate on the potential for states to issue guidance on state taxes related to virtual currencies and cryptocurrencies? Given the rapid growth and evolving nature of these digital assets, there seems to be a lack of clarity surrounding their tax treatment at the state level. Would such guidance aim to provide clarity for taxpayers and tax professionals, or are there other factors that may influence whether states choose to issue such guidance? Furthermore, how might the lack of state-level tax guidance be impacting individuals and businesses involved in the cryptocurrency market?
