The Terra collapse is creating new crypto tax questions for the IRS

Quick Take

  • Last month, the steep drop in value of the TerraUSD stablecoin and a related Terra-based asset called luna led many people to sustain considerable losses. 
  • Does the US tax code offer any recourse?
Tax experts are considering the implications of the Terra collapse, and the new questions it raises for crypto taxes.
accessprotocol.co

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