This is technically true.
It really isn't. You don't own WoW gold (which has no market value) and it is just a parameter of your account, which is wholly owned by Blizzard.
Topic: If you play WoW, Eve or any other game with currency you now owe taxes!!! - page 2. (Read 4018 times)
March 31, 2014, 02:53:45 AM
It really isn't. You don't own WoW gold (which has no market value) and it is just a parameter of your account, which is wholly owned by Blizzard.
March 30, 2014, 04:09:40 PM
This is technically true.
March 30, 2014, 02:37:15 PM
This is really going to be interesting.
Thanks for putting this out.
Thanks for putting this out.
March 30, 2014, 02:33:14 PM
In the US the IRS ruled bitcoin a virtual currency that is property. If miners owe taxes at the time of creation it stands to reason that you now have to account for all the in-game money you earn at the time of earning it. Probably in game items as well. Before all the smart asses start screaming bitcoin isn't wow gold read the irs notice. It makes no distinction between "virtual currencies". Furthermore wow gold, eve isk, etc... gets sold for fiat all the time and has a market price just like bitcoin. Now most game TOS claim that all items belong to the company. Maybe the company owes taxes or perhaps they will need to collect social security numbers from everyone and send them a 1099. Of course that's idiocy but welcome to government.
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