Tax Law and Virtual Worlds
January 9th, 2006
A thought-provoking article on how US tax law may apply to goods in virtual gaming worlds.
Chad’s News
News items and other various tidbits that Chad Cloman finds interesting enough to share with his friends.
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Chad Cloman
Denver, CO USA
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[link]Chad’s News - Making Real Money In A Virtual World Says:
December 4th, 2006 at 1:21 am
[…] Second Life, a popular MMORPG, allows one to exchange virtual money (Linden dollars) for real money at a varying rate (currently about 257 to 1). Now a player has claimed to be the first person to reach an online net worth that could be cashed in for $1 million. Anshe Chung managed to do this via virtual real-estate transactions over a 2½-year period. This raises some interesting tax questions, which Chad’s News has previously covered. […]