IRS Notice Means Investors Could Benefit but Transactions Subject - TopicsExpress

IRS Notice Means Investors Could Benefit but Transactions Subject to Taxes By JOHN D. MCKINNON And RYAN TRACY CONNECT Updated March 25, 2014 4:30 p.m. ET The Internal Revenue Service said Tuesday that it will treat bitcoin and other virtual currencies like property, not currency, giving a potential boost to investors but imposing extensive record-keeping rules—and significant taxes—on its use. The announcement in general was expected to be greeted favorably by the fledgling industry,...

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