Thursday, February 13, 2020

IRS quietly deletes guideline that Fortnite virtual currency must be reported on tax returns

"The little-noticed provision, which dated back at least to October according to the cached version of an IRS webpage on Archive.org, appeared to mark the first time the agency has ruled on video game currencies, including Fortnite's V-bucks, purchased with real dollars. By applying the same policy to in-game money that it enforces on bitcoin, ether and other cryptocurrencies, the IRS guide seemed poised to affect millions of gamers — or their parents."

Full story: https://www.cnn.com/2020/02/13/tech/fortnite-taxes/index.html



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