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Expert Analysis

IRS Crypto Guidance Clarifies A Few Things For Investors

By Robin Singh (October 15, 2019, 4:35 PM EDT) -- The IRS has released more guidance[1] on how cryptocurrencies are taxed — for the first time in five years. They answered a host of questions related to everything from forks to fees and cost basis. While the primary objective of the guidelines was to clarify some outstanding tax issues, the ill timing — just a few days before the extended tax deadline — will likely result in a frenzy among investors....

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