This week in state tax news: Minnesota and Michigan provided investors with some guidelines on the tax treatment of cryptocurrencies and NFTs, but one practitioner is warning investors about “regulation by enforcement.” Meanwhile, Pennsylvania lost a tax fight with 11,000 sellers with inventory parked in Amazon warehouses, and Indiana acknowledged student loan forgiveness would be taxable in the Hoosier state.
The only thing crypto investors know for sure about the application of state taxes to digital assets is that there is very little known about the application of state taxes to digital assets. Against the sea of confusion, Bitcoin and ...