Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is a U.S based virtual property auction house, like Live Gamer, responsible for identifying to the IRS those players who sold virtual property and received real money?

April 26, 2017auction based gamer House live Property responsible virtual

0

Posted

Is a U.S based virtual property auction house, like Live Gamer, responsible for identifying to the IRS those players who sold virtual property and received real money?

1 Answer

0

Posted

At this time, Live Gamer is not required to report the income of players to the IRS.