Determine the net capital gains


Question: A taxpayer with economic activity connected to virtual currency must do which of the following? Select one: a. Determine the net capital gains for all transactions which take place during the year. b. Maintain accurate records of purchases, sales, and conversions of all virtual currency. c. All of the above. d. Indicate this activity via the question on the top of the Form 1040.

 

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Accounting Basics: Determine the net capital gains
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