Blockchain Taxation in the United States 2024

By: David L. Forst , Sean P. McElroy

Fenwick partner David Forst and tax associate Sean McElroy published a comprehensive chapter on blockchain taxation in Global Legal Insights.

The chapter on "Blockchain taxation in the United States" examines the taxation of blockchain transactions in the U.S., noting the historical trend of adapting tax rules to new technologies and stressing the need for similar adjustments for blockchain. They address the key tax issues associated with cryptocurrency, starting with an overview of guidance from the IRS and highlighting the evolving and complex nature of tax considerations in the rapidly advancing field of blockchain technology.

Read the full chapter here.


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