Will the IRS listen?

in bitcoin •  2 days ago 

MSTR and Coinbase asked the IRS to exclude unrealized crypto gains

As part of the Inflation Reduction Act, companies were supposed to calculate their unrealized gains and pay taxes on them if they met some other criteria.

Well MSTR likely did.

Now they are asking them to change the wording in the rule.

image.png

(Source: https://x.com/BitcoinNewsCom/status/1882839550780973354/photo/1)

Even if they don't, Trump may intervene here so MSTR doesn't have to pay taxes on things it never realized.

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2 days ago by

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