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The US IRS is yet to issue guidelines on whether prediction market gains should be taxed as derivatives, gambling winnings, or income, worrying accountants (Kate Knibbs/Wired) from Techmeme RSS feed.
The US IRS is yet to issue guidelines on whether prediction market gains should be taxed as derivatives, gambling winnings, or income, worrying accountants (Kate Knibbs/Wired)
Kate Knibbs / Wired:
The US IRS is yet to issue guidelines on whether prediction market gains should be taxed as derivatives, gambling winnings, or income, worrying accountants — Americans flocked to prediction markets last year. Now, it's time to pay taxes on winnings. How do you do that? Great question.