Thursday, February 13, 2020

"The IRS Quietly Deleted Fortnite and Roblox From Its Virtual Currency Guidance"

Vice:

Up until Wednesday, the IRS used V-Bucks and Roblox's Robux as examples of virtual currencies that taxpayers should declare. Now, nobody knows what's going on.

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The IRS is trying to wrangle virtual currency like Bitcoin—which can be bought and sold for a profit in USD— and turn it into taxable income.

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V-bucks aren’t convertible, which makes their inclusion in the original wording rather baffling. In a statement, Fortnite maker Epic Games said that the IRS' description of V-Bucks was inaccurate.

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Robux are convertible, however.