{"id":50169,"date":"2020-02-13T15:22:19","date_gmt":"2020-02-13T23:22:19","guid":{"rendered":"https:\/\/www.quartertothree.com\/fp\/?p=50169"},"modified":"2020-02-13T15:22:19","modified_gmt":"2020-02-13T23:22:19","slug":"you-wont-have-to-pay-taxes-on-fortnite-v-bucks-just-yet","status":"publish","type":"post","link":"https:\/\/www.quartertothree.com\/fp\/2020\/02\/13\/you-wont-have-to-pay-taxes-on-fortnite-v-bucks-just-yet\/","title":{"rendered":"You won&#8217;t have to pay taxes on Fortnite V-Bucks just yet"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The IRS has removed all references to video game currency taxes in its guidelines. In October, the IRS published a new set of <a href=\"https:\/\/www.irs.gov\/businesses\/small-businesses-self-employed\/virtual-currencies\">rules<\/a> covering the reporting and paying of taxes on virtual currencies, which included the in-game funny money you use to buy frying pan hats or gold skins for your guns. Two popular examples in particular can be seen in the <a href=\"https:\/\/web.archive.org\/web\/20191012012751\/https:\/\/www.irs.gov\/businesses\/small-businesses-self-employed\/virtual-currencies\">old web page<\/a> captured by Archive.org.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;Bitcoin, Ether, Roblox, and V-bucks are a few examples of a convertible virtual currency.&#8221;<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">According to <a href=\"https:\/\/www.cnn.com\/2020\/02\/13\/tech\/fortnite-taxes\/index.html\">CNN<\/a>, this section was quietly reworded yesterday to the relief of parents everywhere. Don&#8217;t sigh too loudly though. Experts believe that due to the massive amounts of revenue these games generate, it&#8217;s only a matter of time before real legislation tries to capture some of that virtual green. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IRS has removed all references to video game currency taxes in its guidelines. In October, the IRS published a new set of rules covering the reporting and paying of taxes on virtual currencies, which included the in-game funny money you use to buy frying pan hats or gold skins for your guns. Two popular [&hellip;]<\/p>\n","protected":false},"author":1684,"featured_media":50173,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":["post-50169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>You won&#039;t have to pay taxes on Fortnite V-Bucks just yet - Quarter to Three<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.quartertothree.com\/fp\/2020\/02\/13\/you-wont-have-to-pay-taxes-on-fortnite-v-bucks-just-yet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"You won&#039;t have to pay taxes on Fortnite V-Bucks just yet - Quarter to Three\" \/>\n<meta property=\"og:description\" content=\"The IRS has removed all references to video game currency taxes in its guidelines. 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