Bibliographic Details
| Title: |
A Primer on Taxation of Investment in Cryptocurrencies. |
| Authors: |
Prewett, Kyleen1 kwprewett@ualr.edu, Dorsey, Roger W.1 rwdorsey@ualr.edu, Kumar, Gaurav2 gkumar@ualr.edu |
| Source: |
Journal of Taxation of Investments. Summer2019, Vol. 36 Issue 4, p3-16. 14p. |
| Subject Terms: |
*Cryptocurrencies, *Taxation, *Investments, Governors (Machinery) |
| Geographic Terms: |
United States |
| Abstract: |
The authors discuss the origins of bitcoin and other cryptocurrencies and tax approaches to these currencies. They analyze the main trends and challenges of investing in bitcoin and other cryptocurrencies. They further analyze the U.S. approach to the regulation and taxation of cryptocurrencies, providing an outline of applicable tax rules along with an example of how a bitcoin transaction will be taxed in the U.S. Finally, they offer some conclusions on how the U.S. approach currently fi ts among the emerging international regulatory and tax frameworks for cryptocurrencies. They argue that it is very important for regulators to provide clear guidance on the tax treatment of cryptotransactions. [ABSTRACT FROM AUTHOR] |
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| Database: |
Business Source Complete |
