Virtual Smart Contracts

[dbtaxsolutions]

How do you treat a virtual smart contracts use in earning virtual currency? My guess would be as Intangible asset? What would be the industry norm for expensing the amount (threshold) as the contracts are lifetime really. Thanks for any info.

[sjrcpa]

If you have anything new to add, do it on your original post.

Forsage partners own smart contracts and by referr... - Intuit Accountants Community

[qbteachmt]

These are my recommendations:

https://behindmlm.com/mlm-reviews/fortron-review-forsage-gifting-scam-reboots-with-tron/

https://www.irs.gov/newsroom/ponzi-scheme-questions-and-answers

https://www.irs.gov/newsroom/help-for-victims-of-ponzi-investment-schemes