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To the extent this content internal legal memorandum ILM that written tax advice, any written advice contained in, forwarded with.
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| Bitcoin wallet value | Will your organization immediately convert cryptocurrencies and other digital assets to a fiat currency like the US dollar, or hold it for investment or a program like a museum with a digital art portfolio? A staked of M units and validated a new block of transactions on the M blockchain, which resulted in A receiving two units of M as validation reward. In the ILM, the taxpayer purchased 10 units of a cryptocurrency and stored them in an un-hosted wallet. It is not, and should not be construed as, accounting, legal or tax advice provided by Grant Thornton LLP to the reader. Nothing herein shall be construed as imposing a limitation on any person from disclosing the tax treatment or tax structure of any matter addressed herein. Show More. Contact Grant Thornton LLP or other tax professionals prior to taking any action based upon this information. |
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