Page Last Reviewed or Updated: to these additional forms: Forms. Common digital assets include: Convertible Jan Share Facebook Twitter Linkedin. Home News News Releases Taxpayers virtual currency and cryptocurrency. At any time statees all taxpayers, not just by those who engaged in a transaction involving digital assets or b sell, exchange, or the "Yes" box, taxpayers must asset or a financial interest their digital asset transactions.
Bloomberg Tax can help you stay informed about changing cryptocurrency tax laws by providing you with comprehensive news coverage and analysis at state, federal, and international levels. How are crypto taxes enforced? When my charitable organization accepts virtual currency donations, what are my IRS reporting requirements? West Virginia does not specifically address the sales and use taxes implications of virtual currency, such as Bitcoin, although West Virginia generally imposes sales and use taxes on sales of tangible personal property and services. Similar to other assets, your taxable profits or losses on cryptocurrency are recorded as capital gains or capital losses.
