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Tax Pros Scrambling, Guessing on Sourcing of Cryptos, Law360 Tax Authority

October 03, 2018

Morgan Lewis of counsel Nelson Yates provides his thoughts in a Law360 Tax Authority article about the lack of clarity regarding the IRS’ 2014 issued guidance for classifying cryptocurrency as an asset for tax purposes. He states in the article that “there’s not a lot to really rest on, except to rest on imperfect, analogous situations, and see if we can get comfortable with how this should get sourced.”

Read the full Law360 Tax Authority article >>