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A comment on U.S. Secret Service Launches Cryptocurrency Awareness Hub. Parent comment

Re:U.S. Secret Service Launches Cryptocurrency Awareness Hub by toastal on Wednesday February 23, 2022 @07:26AM (#30440292)
Will this mean we can treat cryptocurrencies like fiat currencies when tax season comes?
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Re:U.S. Secret Service Launches Cryptocurrency Awareness Hub by imglorp on Wednesday February 23, 2022 @07:36AM (#30440342)
They are treated as commodities for tax purposes: when you sell them or use them to buy something, there is a tax consequence because you saw a gain or loss.

https://www.irs.gov/businesses/small-businesses-self-employe...

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Re:U.S. Secret Service Launches Cryptocurrency Awareness Hub by mjburgess on Wednesday February 23, 2022 @07:30AM (#30440316)
cryptocurrencies arent currencies, so i'd guess not
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Re:U.S. Secret Service Launches Cryptocurrency Awareness Hub by UncleMeat on Wednesday February 23, 2022 @08:16AM (#30440614)
No. The IRS doesn't operate on "well it seems like these are the same thing."

And further, you have to pay capital gains on forex transactions anyway.

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