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#88 - Tax attorney Andrew Gordon answers the most common crypto tax questions.

Law of Code

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The Evolution of Cryptocurrency

In Canada in 2013, the CRA said that tax rules applied to Bitcoin. How has that developed in the US? What was the first pronouncement by the IRS? Yeah, so it was actually in 2014. It was a notice number 2014-21 and at that time the IRS said cryptocurrency was to be treated and taxed as property and not as a currency.

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