Thanks for the detailed post! Personally I always prefer to take the conservative approach with IRS. After reading your post I'll treat ICOs and exchanges between virtual currencies as a tax event. Hopefully

FIFO cost basis reporting seems sensible. An interesting question though is what if you keep your virtual currency in a number of exchanges (for instance, to reduce risk in case of hacking)? Do you apply

Hi lpfaust, A couple of questions regarding "What is Basis?" Could you explain how cost basis is computed when you have your virtual currency (say, BTC) spread across multiple places, like multiple

Hi lpfaust, An important topic; thanks for covering it! A few questions: Kraken's About page ( says they are based in San Francisco. When you wire money to them from the US, you wire it to TN, USA. Are

Excellent! I'll be looking forward to reading that article. In the meanwhile, I have a few additional tax-related questions. I'll post those in the most appropriate articles, and hopefully others will

First, your article series on this important topic of taxation of virtual currencies are excellent. I appreciate you sharing this information! A few questions related to the exchange of one virtual currency