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There is not,, yet the Internal Revenue Code and regulations require taxpayers to maintain records that are sufficient to establish the positions taken on tax returns. Clients should therefore maintain, for example, records documenting receipts, sales, exchanges, or other dispositions of virtual currency and the fair market value of the virtual currency.
There is not,, yet the Internal Revenue Code and regulations require taxpayers to maintain records that are sufficient to establish the positions taken on tax returns. Clients should therefore maintain, for example, records documenting receipts, sales, exchanges, or other dispositions of virtual currency and the fair market value of the virtual currency.
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