Overview
In an article for Bloomberg Tax titled "Taxing the Metaverse: The Next Frontier of Digital Asset Transactions," Caitlin Tharp provides clarity on the tax issues surrounding the nascent metaverse.
Following an overview of the metaverse as an evolving digital space, Tharp explains the importance of understanding its ins and outs as tax practitioners. Tharp shares guidance on the complexities of metaverse transactions involving digital assets and virtual currencies, as well as how to navigate information return reporting for metaverse transactions.
