The IRS is sending more than 10,000 letters to taxpayers through August. Cryptocurrencies like bitcoin are considered property and should be reported as capital gains and losses.
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The Internal Revenue Service is asking thousands of taxpayers who did not report transactions featuring virtual currency to check to see if they owe taxes. So reports Reuters.
The IRS is sending more than 10,000 letters to taxpayers through August. Cryptocurrencies like bitcoin are considered property and should be reported as capital gains and losses.