{"id":9818,"date":"2025-01-27T09:16:33","date_gmt":"2025-01-27T09:16:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=9818"},"modified":"2025-01-27T09:16:33","modified_gmt":"2025-01-27T09:16:33","slug":"will-michael-saylors-microstrategy-incur-tax-liabilities-on-unrealized-bitcoin-gains-x-users-call-the-claim-false-but-heres-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=9818","title":{"rendered":"Will Michael Saylor&#8217;s MicroStrategy Incur Tax Liabilities On Unrealized Bitcoin Gains? X Users Call The Claim &#8216;False,&#8217; But Here&#8217;s What You Need To Know"},"content":{"rendered":"<div>\n<p><strong>MicroStrategy<\/strong> <strong>Inc<\/strong>.\u00a0(NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/MSTR#NASDAQ\">MSTR<\/a>) reportedly may be liable for taxes on its unrealized <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) gains, despite having made no sales.<\/p>\n<p><strong>What Happened<\/strong>: The Inflation Reduction Act of\u00a02022, which introduced a \u201ccorporate alternative minimum tax,\u201d could result in the so-called Bitcoin holdings company being subject to a 15% tax rate on its unrealized gains, <a href=\"https:\/\/www.wsj.com\/finance\/currencies\/microstrategy-federal-income-tax-unrealized-gains-f60b2c04\">reported<\/a> The Wall Street Journal on Friday.<\/p>\n<p><strong>MicroStrategy<\/strong>, along with\u00a0<strong>Coinbase<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/COIN#NASDAQ\">COIN<\/a>), another leading publicly listed cryptocurrency-linked firm, have pushed back against the regulation. In a joint letter from earlier this month, both companies appealed to the U.S. Treasury and the Internal Revenue Service<strong>\u00a0<\/strong>to <a href=\"file:\/\/\/C:\/Users\/savy1\/Downloads\/IRS-2024-0046-0028_attachment_1.pdf\">amend<\/a>\u00a0the rule to exclude\u00a0unrealized cryptocurrency gains from the\u00a0adjusted financial statement income, or the AFSI.<\/p>\n<p><strong>See Also<\/strong>:<a href=\"https:\/\/www.benzinga.com\/24\/12\/42735744\/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading\"> <\/a><a href=\"https:\/\/www.benzinga.com\/25\/01\/43219929\/musks-doge-department-reportedly-eyeing-blockchain-technology-to-slash-federal-spendingjustin-sun-pitches-tron\"><strong>Elon Musk\u2019s DOGE Department Reportedly Eyes Blockchain To Slash Federal Spending\u2014Justin Sun Says Tron A Good Option<\/strong><\/a><\/p>\n<p>Interestingly, the report kicked up a storm on social media platform &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/01\/43221615\/will-michael-saylors-microstrategy-incur-tax-liabilities-on-unrealized-bitcoin-gains-x-use\" alt=\"Will\" michael saylor microstrategy incur tax liabilities on unrealized bitcoin gains x users call the claim but here what you need to know>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>MicroStrategy Inc.\u00a0(NASDAQ:MSTR) reportedly may be liable for taxes on its unrealized Bitcoin (CRYPTO: BTC) gains, despite having made no sales. What Happened: The Inflation Reduction Act of\u00a02022, which introduced a \u201ccorporate alternative minimum tax,\u201d could result in the so-called Bitcoin holdings company being subject to a 15% tax rate on its unrealized gains, reported The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-9818","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/9818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9818"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/9818\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}