There's New Tax Guidance on Crypto. Here's Why That Matters.
Summary
The U.S. Treasury and IRS have issued new interim guidance clarifying that paper gains and losses on cryptocurrencies are not subject to the 15 percent Corporate Alternative Minimum Tax (CAMT). This change offers relief to crypto firms, many of which had feared being forced to sell assets to cover tax obligations. Strategy, a major Bitcoin-holding company, announced it no longer expects to owe CAMT, easing investor pressure. Meanwhile, crypto markets and major holders, such as Coinbase, have reacted positively, with stocks rallying.
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