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They're clearly using it as a term of art. All parties involved more than capable of understanding that "Digital assets" as defined (explicitly!) by the IRS do
by woodruffw 4y ago
They're clearly using it as a term of art. All parties involved more than capable of understanding that "Digital assets" as defined (explicitly!) by the IRS do not necessarily encompass everything that might be plausibly described by the noun-adjective pair "digital asset."
- troymc 4y agoAgreed. It's no wonder there's a whole industry built around helping people understand the semantics of the tax forms. “You keep using that word. I do not think it means what you think it means.” -Inigo Montoya, The Princess Bride.
- woodruffw 4y agoYou're not wrong, but I really don't think the blame for this particular term of art can be hoisted on the IRS. As far as government definitions go, this one isn't too bad for what they have to work with[1]. [1]: https://www.irs.gov/instructions/i1040gi#en_US_2022_publink1000111717 https://www.irs.gov/instructions/i1040gi#en_US_2022_publink1...