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<p>[QUOTE=&quot;Rassi, post: 7676694, member: 22149&quot;]Yes, this has been true, and the IRS has been cracking down more on people who don&#039;t report this - there is a question on this year&#039;s tax forms if you made any digital currency transactions.&nbsp; </p><p><br /></p><p>The important impact of the El Salvador law is that there is a US Law that says that foreign currencies aren&#039;t taxable in the same way, and with El Salvador making BTC legal tender, that could change BTC&#039;s status from an asset to a &quot;foreign currency&quot; in regard to how it is treated by the IRS.&nbsp; They&#039;ll probably fight it, but I imagine it&#039;ll end up in the courts sooner rather than later.[/QUOTE]</p><p><br /></p>

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