Bloomberg Tax
Feb. 14, 2020, 6:34 PM

No, the IRS Doesn’t Care About Your Fortnite Fortune

Allyson Versprille
Allyson Versprille

Fortnite and Roblox players don’t need to report gaming currency on their 2019 tax returns as long as that money stays in the “game environment,” the IRS said.

The IRS for the first time this year is asking taxpayers to disclose if they had acquired or sold virtual currency. The agency on Wednesday pulled language from its website that appeared to signal that millions of gamers might have to tell the IRS about the in-game cash they had earned to buy avatar upgrades or special abilities.

Some video games like Roblox, in limited circumstances, will allow users to cash out ...

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