Thursday, February 13, 2020

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


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.


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.


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.


Robux are convertible, however.