A partner at the CPA firm has just approached you as the new person in the office.Since you come off so young and cool, the partner has tasked you with an emerging issue at the firm. Phones have been ringing with clients asking about virtual currency, namely the taxation of such. You have been tasked with building an FAQ section for the firm's website and providing clients, both actual and prospective, with a nice overview of such.Please provide what you think may be important regarding the taxation of virtual currencies. Feel free to also provide hyperlinks to other reputable sources on the subject to give these customers the best service possible.

Answer rating: 100% (QA)

Certainly Heres an overview of important points regarding the taxation of virtual currencies 1 Virtual Currency Taxation Basics Virtual currencies such as Bitcoin Ethereum and others are treated as pr... View the full answer