IRS Does Not Consider Fortnite Money as Virtual Currency After All

in dlike •  11 days ago 

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The IRS seems to have struck certain video game currencies and Ether from its list of examples of convertible virtual currency

Spokesmen from Epic Games, Fortnite’s publisher, told Bloomberg that none of these apply to the game’s currency:

“V-Bucks cannot ‘be digitally traded between users,’ nor can they be ‘exchanged into, U.S. dollars, Euros, and other real or virtual currencies.’” 

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That is going to have to change for Fortnight. Games that do not have virtual currencies will likely be on the downward slide.