Article Footnotes
1 IRS Notice 2014-21, Virtual Currency Guidance: https://www.irs.gov/pub/irs-drop/n-14-21.pdf
2 IRS Publication 551: https://www.irs.gov/pub/irs-pdf/p551.pdf
3 IRS Publication 544: https://www.irs.gov/publications/p544
4 IRS Notice 2014-21, Q&A 8 and Q&A 9 (income recognition): https://www.irs.gov/pub/irs-drop/n-14-21.pdf
5 IRS, Frequently Asked Questions on Virtual Currency Transactions, Q38: irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-digital-asset-transactions
6 Internal Revenue Code §1256
7 IRS Publication 550, Investment Income and Expenses (Section 1256 contacts): https://www.irs.gov/forms-pubs/about-publication-550
8 Based on IRS guidance that investment property such…
