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Is Crypto Income Producing Property?
Hi on Form 4684 Section B it says
SECTION B—Business and Income-Producing Property
Use Section B to figure casualty or theft gains and losses for property that is used in a trade or business or for income-producing purposes.
Is crypto income-producing property? Form 4684 instruction says things like stock, bonds, etc.
So crypto would also be since most people buy it for investment?
Income-producing property is property held for investment, such as stocks, notes, bonds, gold, silver, vacant lots, and works of art.
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February 10, 2024
7:06 AM