Libra and Taxes: I’ve seen some questions about this, and I’ve spent WAY too much time reading the tax code lately, so here’s a short thread on the topic.

In brief: Libra faces many of the same issues as Bitcoin and other cryptos. There really aren't good answers on the federal income tax implications of transactions involving Libra. A decade in, we still don't have IRS guidance answering basic questions about the taxation of transactions involving bitcoin, let alone any of the newer blockchain networks.