2023-05-01 Court Unimpressed by Claimed CRAT Magic
This week we look at:
More CRAT problems - but this one the IRS had warned against using
Change of protocol underlying cryptocurrency from proof of work to proof of stake is not a taxable event
Fact some countries now treat Bitcoin as legal tender does not change its status as property, not foreign currency
Taxpayer finds they had to wait a year to claim a deduction for cashier’s check purchased to settle legal dispute
An audio only version of this week’s broadcast can be streamed or downloaded below:
The slides and links to supporting articles can be downloaded below: