The IRS Comes Clean on Marijuana and Cryptocurrency Taxation, Is Legalization Next?

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Last Wednesday, the IRS held a forum organized to discuss tax policies for cannabis and cryptocurrency businesses. The meeting was led by a representative of the National Association of Tax Professionals (NATP) and highlighted some issues relating to both companies. Some of the issues discussed included permitting tax deductions as marijuana remains illegal at the federal level. Also, the issue of how different states tax cannabis and paying taxes on profit made from cryptocurrencies.

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