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To: SeekAndFind

What is a digital asset?


6 posted on 01/26/2023 6:49:22 PM PST by BenLurkin (The above is not a statement of fact. It is either opinion, or satire, or both.)
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To: BenLurkin

RE: What is a digital asset?

See here from the IRS Website:

https://www.irs.gov/businesses/small-businesses-self-employed/digital-assets#:~:text=Digital%20assets%20are%20broadly%20defined,Stablecoins


15 posted on 01/26/2023 7:05:32 PM PST by SeekAndFind
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To: BenLurkin; All

IRS initially called them “Cryptocurrencies” (starting about 3 years ago), but since they specifically ruled that Bitcoin was a “commodity” like gold and silver (also about 3 years ago) I guess they decided to change the name this year. I was saying “No” to “Do you own any cryptocurrencies” on the 1040 since they said Bitcoin was a commodity not a currency! ;-) Crypto/”digital assets” subject to Cap Gains.


16 posted on 01/26/2023 7:10:49 PM PST by Drago
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To: BenLurkin

It’s gotta be better than a digital exam.


25 posted on 01/26/2023 7:35:55 PM PST by Tijeras_Slim ( )
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To: BenLurkin
"What is a digital asset?"

Fingers?

Toes?
34 posted on 01/26/2023 7:58:54 PM PST by clearcarbon (Fraudulent elections have consequences.)
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To: BenLurkin

A middle finger?


35 posted on 01/26/2023 8:06:17 PM PST by Taxman (SAVE AMERICA! VOTE REPUBLICAN IN 2023 AND 2024!)
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To: BenLurkin

I believe it’s crypto.

Coins are all that I am aware of, but NFTs may also fall
under this category.

My crypto went down this year.


38 posted on 01/26/2023 10:33:03 PM PST by DoughtyOne (I pledge allegiance to the flag of the USofA & to the Constitutional REPUBLIC for? which it stands.)
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To: BenLurkin
What is a digital asset?

It's what you feel like showing the IRS every year when you pay your taxes.

One on each hand.

49 posted on 01/27/2023 3:18:44 AM PST by grey_whiskers ( (The opinions are solely those of the author and are subject to change without notice.))
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To: BenLurkin

“What is a digital asset?“

Seems to me that if you buy a song from iTunes.. THAT is a “digital asset”.
Or a movie from a streaming service…

This means just about EVERYBODY.


68 posted on 01/27/2023 7:16:27 AM PST by joethedrummer (We can't vote our way out of this, folks..)
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