Summary of the Classification and Taxation of Cryptocurrency and Other Digital Assets

Digital assets, including crypto, have been the subject of growing interest by government regulators including, in the U.S., the Internal Revenue Service (IRS), the Department of Treasury, the Securities and Exchange Commission (SEC), the Department of Justice (DOJ), and the Federal Bureau of Investigation (FBI).

Significant market activity, volatility, and investor interest in the digital asset space requires practitioners to evaluate the value and use of these types of assets. This Taxation of Cryptocurrency and Other Digital Assets (Portfolio 190) Executive Summary examines the digital assets issues for U.S. federal income tax purposes across the following topics:

  • Federal tax classification
  • Trading and investing
  • Information reporting
  • Selected issues for investment entities
  • Compensation and employee benefits

Download this complimentary executive summary to learn more about the federal income taxation of digital assets.

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