Research Problem 4. How are transactions using Bitcoin (or another virtual currency) treated under U.S. tax law? Some background on Bitcoin can be found at bitcoin.org/en/faq. Locate the current IRS guidance on this question. In addition, locate the American Institute of CPAs Comment Letter on virtual currency (issued in May 2018). After reading these materials, provide a one-page written summary for your instructor.

use this website: bitcoin.org/en/faq

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