United States of America: Adopted IRS Notice 2023-34 regarding tax treatment of virtual currencies
Description
Adopted IRS Notice 2023-34 regarding tax treatment of virtual currencies
On 24 April 2023, the Internal Revenue Service (IRS) adopted Notice 2023-34 regarding tax treatment of virtual currencies modifying the Notice 2014-21. In particular, the Notice specifies that convertible virtual currency is considered property for …
Scope
Policy Area
Taxation
Policy Instrument
Taxation, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
tax authority