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Capital Gains Traders

Foley & Lardner LLP

Scalping as Fraud But On Who?

Foley & Lardner LLP on

The past has a way of repeating itself. In 1909, the New York Supreme Court declined to enforce a contract to manipulate stock prices (which was successful), with payments due to a publisher of an investment newsletter...more

McDermott Will & Emery

Virtual Currency Losses Disallowed on Infrequent Activities

If a taxpayer’s virtual currency activities are too infrequent to rise to the level of investment activities or do not qualify as trader or dealer activities, losses associated with virtual currency transactions are not...more

Rosenberg Martin Greenberg LLP

Reporting Cryptocurrency Investments and Transactions

Due to the inherent structure of cryptocurrency trading most users consider their transactions completely anonymous. The Internal Revenue Service (“IRS”) estimates three million individuals transact in cryptocurrency each...more

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