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Crypto Traders Wrestle with Export Deduction Qualification, Law360

April 05, 2019

In this Law360 article, Morgan Lewis of counsel Nelson Yates talks about how cryptocurrency sales may qualify for a deduction on exports following the Tax Cuts and Jobs Act. Nelson shares one of the hurdles related to users claiming the Tax Cuts and Jobs Act’s deduction is that many prefer to remain anonymous. “When you think about cryptocurrencies, a big draw is the ability to be anonymous,” Nelson says.

Read the full Law360 article.