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Roblox Robux on their tax form, which asks people to declare virtual currencies they’ve used in the past year

rodeoneerer на Mego-forum
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17.02.20 08:49

cheap Roblox Robux With the April 15 tax deadline approaching for Americans, some might be wondering about what they do and do not need to disclose on their Form 1040 as it relates to gaming. The situation just got a little more complicated due to a change by the IRS.

Up until Wednesday, anybody reading the IRS’s guidance on virtual currencies was led to believe they’d have to declare Fornite V-bucks and Roblox Robux on their tax form, which asks people to declare virtual currencies they’ve used in the past year.

IRS Chief Counsel Michael Desmond indicated that the inclusion of the video game currencies was a mistake, though Roblox Robux he offered no insight on how they ended up alongside Bitcoin on the list of examples.

A spokesperson for Epic Games told Bloomberg Tax that Fortnite's virtual currency, V-Bucks, should not be included as a taxable interest because they cannot be exchanged for money. Roblox, however, allows players to cash out their virtual currency--Robux-- for real money. A spokesperson for developer Roblox Corp. clarified that Roblox users who want to cash out must have IRS forms on file with the developer. The company also reports all payouts to the IRS.

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