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WORST FINANCIAL ADVICE EVER? BITCOIN \
As described in previous postings, the IRS treats cryptocurrency as property for federal tax purposes. Thus, the federal gift and estate tax rules governing. This paper aims to provide an overview of the issues that the emergence of and likely developments in crypto assets raise for tax design and implementation. The IRS came out many years ago and said that cryptocurrency is taxed like property. It is not taxed like currency. So, it's taxed very similar to a stock. If.

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This document and any information accessed through links in this document is provided for information purposes only and does not constitute legal advice. Thus, unlike traditional assets, there is no personal identifying information associated with the crypto assets and the wallet can only be accessed through the private key. Of course, this may not be how the decedent wanted the cryptocurrency to be distributed, but the fiduciary may not have a choice. Sign up here. Planning typically involves specifying the transfer of the assets ensuring their secure access by beneficiaries or heirs.