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RE: Congress Again Pressing IRS to Issue Crypto Taxation Guidance
You may call it "simple" but it assumes a lot of interpretation of how you define crypto currency and an "exchange".....I thought the $10,000 referred to bank accounts?
Right, I meant "simple" as in the "short version of the conclusion."
The foreign crypto exchanges operate similar to a financial institution so although they aren't "bank accounts" per sae, I believe they would be examined under similar principles. Great point.