Unclaimed Property:
Wisconsin: Adopted Rule Addresses Virtual Currency and its Liquidation When Filing Report
Adopted Reg. Section Tax 10.01, Wis. Dept. of Rev. (eff. 3/1/24). The Wisconsin Department of Revenue (Department) adopted a rule intended to establish a period of time to convert virtual currency to US currency prior to reporting and delivering it to the Wisconsin Department of Revenue as unclaimed property under state law. The rule provides that a holder that is required to report and remit virtual currency to the Department as provided under state unclaimed property law “shall liquidate the virtual currency within 30 days prior to the November 1 due date of the report.” Please contact us with any questions.
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