Tax regulation researchers suggest IRS framework for deducting crypto losses

Researchers at Indiana College and the College of Maine not too long ago revealed a research inspecting the present state of cryptocurrency tax regulation in the USA. The analysis concludes with suggestions for the Inner Income Service (IRS) that, if adopted, would stop taxpayers from weighing crypto losses towards different capital good points.

The paper, dubbed merely “Crypto Losses,” seeks to outline the assorted types of loss that may be accrued by companies and people invested in cryptocurrency and proposes a “new tax framework.”

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