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…