The IRS draft of the new tax guide: "virtual currency" changed to "digital assets," covering assets such as NFTs

According to ChainCatcher news, as reported by CoinDesk, the IRS has released a draft of the 2022 tax guidelines, replacing the old category "virtual currency" with the broader new language "digital assets," explicitly covering assets such as NFTs. According to the draft guidelines, "digital assets are any digital representation of value recorded on a cryptographically secured distributed ledger or similar technology. For example, digital assets include NFTs and virtual currencies, cryptocurrencies, and stablecoins."

According to the latest documents, "if citizens disposed of any digital assets held as capital assets in 2022 through sale, exchange, gift, or transfer," cryptocurrency investors will be required to calculate and report taxable income. It is reported that the final tax guidelines have not yet been released, and the cryptocurrency section may still be subject to adjustments before the official release. (CoinDesk)