Gamers Rich in Virtual Cash Freed From IRS Reporting Worry (1)

The IRS on Wednesday pulled language from its website that would have subjected millions of users of the popular video games Fortnite and Roblox to a new disclosure requirement after Bloomberg Tax asked about it.

A recently revised attachment to Form 1040, which taxpayers use to file their annual income tax returns, asks people to answer a yes or no question on whether or not they received, sold, exchanged, or otherwise acquired a financial interest in virtual currency in 2019.

The IRS’s webpage, which has since been updated, originally listed Roblox and V-bucks as examples of convertible virtual currency, ...