Law360 (Aug 19, 2021, 2:49 p.m. EDT) – It is evident that virtual currency, or cryptocurrency, has become more mainstream in 2021.
As large financial institutions began using cryptocurrency, it has become a more accessible asset class, and tax issues arise for traders and fund managers in New York in New York State and New York City.
This article looks at potential New York City business tax and New York State income tax considerations, namely whether cryptocurrency transactions should qualify for their respective auto trade tax exemptions. It also looks at whether cryptocurrencies should be sold and …
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