The IRS Still Hasn’t Decided if They Want to tax Cryptocurrency Airdrops

The IRS Still Hasn’t Decided if They Want to tax Cryptocurrency Airdrops

The IRS is still uncertain as to how they will treat cryptocurrency airdrops. Additionally, the agency clarified how users can’t defer taxes on transactions occurring before 2018. It is promising to see the focus on cryptocurrencies in this day and age. Bringing them into the mainstream adds more legitimacy to Bitcoin and altcoins.