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Do you have to pay taxes on your Fortnite V-Bucks?

Apparently, V-Bucks and other video game currencies may be subject to federal taxes.

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Apparently, V-Bucks and other video game currencies may be subject to federal taxes.

The IRS added a short, yet troubling line to their tax code when defining ‘virtual currencies’ this past October. They specifically cited V-Bucks among the virtual currencies that could be taxed.

The definition read, “Bitcoin, Ether, Roblox [sic], and V-Bucks are a few examples of convertible virtual currency.” So, are we going to have to pay the IRS for stockpiling our V-Bucks and buying too many Fortnite skins?

Experts still don’t seem to be sure. Wednesday, February 12, the IRS scrubbed this line from their definition. Many surrounding the topic, including Brian Fung of CNN, stated that gamers should still treat V-Bucks as if the line had never been removed.

According to the CCN report, anyone who bought V-Bucks, Apex Coins, money in GTA Online, or anything in between will have to fill out a Form 1040, which asks, “At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?”

Those of us who have been buying all the skins we can afford, subscribing to the Battle Pass, and otherwise shelling out money to Epic Games might owe the federal government as well.

Epic Games

As it turns out, you don’t have to pay taxes on your V-Bucks or any other in-game currency that is non-convertible. The IRS later clarified in a statement, shared by Brian Fung on Twitter.

“The IRS recognizes that the language on our page potentially caused concern for some taxpayers. We have changed the language in order to lessen any confusion,” the statement reads.

“Transacting in virtual currencies as part of a game that do not leave the game environment (virtual currencies that are not convertible) would not require a taxpayer to indicate this on their tax return.”

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Of course, you wouldn’t have to pay taxes on V-Bucks. This situation just goes to show you how out of touch some people are. The term ‘virtual currency’ has a massive reach, which means the applications of these currencies can be very different.

The IRS and reporters around the issue were treating V-Bucks like Bitcoin and Ether – actual, real-life money. If you buy Bitcoin and the price goes up, you need to report that on your earnings. Similarly, if the price goes down, you can count that as a yearly loss on your taxes.

SypherPK

V-Bucks are static. You can only use them for in-game purchases. Sure, if you sold V-Bucks to someone then you’d theoretically have to pay taxes, but we’re the consumer. We’ve already paid.

So, no, you don’t have to pay taxes on your V-Bucks. That would have been something, though, wouldn’t it?

Creative

Fortnite Creative Mode could be getting a huge expansion

Fortnite Creative Mode could bring a massive update to truly simulate end-game scenarios, according to a recent leak.

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Fortnite Creative Mode could bring a massive update to truly simulate end-game scenarios.

Creative Mode was one of the most innovative additions that Epic has made to Fortnite. You don’t even have to play the base game mode to enjoy Fortnite, anymore. You can play Search and Destroy, deathruns, Zone Wars, Trivia, boxfights, and a lot more.

Competitive Fortnite players have taken to Creative Mode the most. Zone Wars gives you a simulated end-game and boxfights let you practice the most important element of high-level competitive play.

Fortnite Creative beta

Over a year ago, way back in, Fortnite v12.10, files were added to the game that we assumed would bring a massive change to Creative Mode. According to the game files, Creative can now support up to 50 players.

A year after we first heard the news about an updated Creative Beta, we still have yet to see this in practice. Since it’s been so long, many players forgot that it was even on the horizon.

After the v15.50 update, however, data miners found some new files that relate to the Creative Mode expansion. According to them, Epic are testing a beta of Creative that should support 50 players.

Such a change would be a massive step for the game. You could truly play a mini-BR game with your friends if this change went through. YouTube creators and streamers could also manage private matches a lot easier, as there’s no chance of a code leak or an unwanted intruder.

The best part of this additional player count is the ability to truly simulate competitive end-game situations. Zone Wars is good practice for a lot of us, but not for those at the highest level.

Anyone who has ever watched a tournament knows what we’re talking about. The end-game in professional Fortnite matches routinely has 40+ players in the final few zones. It’s pure chaos, and a 50-player Zone Wars lobby will be able to capture this.

Of course, the expansion also opens the door to a ton of other possibilities including massive boxfight battles and more. Epic will be focusing on the Creative side of things for the future of Fortnite, and an increased player count is an excellent first step.

Image Credit: Epic Games

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All Platforms

Fortnite leaked skins & cosmetics from v15.50 update

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Fortnite v15.50 update leaked skins

Epic Games have rolled out their first update in a few weeks, with the arrival of Fortnite patch v15.50, and a number of skins and cosmetics have leaked as a result.

These weekly updates were never missed in times gone by, however Fortnite Chapter 2 has been a lot more inconsistent in that sense. Some weeks there is a huge update with map changes, new crossovers and challenges – while others will just make very minor bug changes.

You can always read about what to expect from the patch here on Fortnite Intel, and alongside those patch notes, let’s run through some of the game’s unreleased outfits.

Fortnite’s most recent crossover was with Street Fighter and Alien, but what’s next?

On March 2, once the downtime began, a number of leakers started looking into the game’s files to see what had changed. To their surprise, with just two weeks left in the season, not much had been tweaked in terms of content.

However, we do have some leaked skins and cosmetics to dig through – courtesy of Lucas7Yoshi and VastBlast.

Fortnite leaked skins and cosmetics from v15.50 update

Bundles

Midas female GoldenTouch bundle

Emotes

So, there you have it! Those are all of the newest unreleased skins in the Fortnite world, some of which may actually roll out following the latest update.

Keep an eye out on the Fortnite Item Shop and you never know, one or two may appear there in the near future.

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Guides

All Fortnite Season 5 Exotic Weapon locations

Fortnite Season 5 brought Exotic weapons to the game to replace Mythics. Here’s where to find all of them.

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Fortnite Season 5 introduced Exotic weapons to the game instead of Mythics, giving more players access to them. Here’s where you can find them.

There’s no shortage of new mechanics in Fortnite Season 5, with the addition of NPCs, quests, and a whole lot more.

Mythics have returned to the game in Season 5 but in a limited capacity. The only classic Mythic items in Fortnite Season 5 include The Mandalorian’s Jetpack and sniper rifle, both available from the bounty hunter himself.

The other items in the game are classified as Exotics. There’s only one of each Mythic item in each game, but can be multiple Exotic weapons.

You can purchase these Exotic weapons from specific NPCs across the map. Of course, this means you’ll need to save up your Gold Bars to afford them.

Twitter user @MikeDulaimi created an easy-to-follow guide on how to locate all of the Exotic weapons in Fortnite. You can purchase them from NPCs in the areas surrounding Hunter’s Haven, The Zero Point, Dirty Docks, Craggy Cliffs, and Stealthy Stronghold

Mythic items were relatively controversial for the past few seasons of Fortnite – especially in competitive modes. Doom’s Mystical Bomb and Kit’s Shockwave Launcher dominated tournament play for the past two seasons, and the competitive community largely called for them to be removed.

We’re curious to see how this community treats Exotic weapons. They’re more widely available and aren’t as powerful as Mythics, making them more balanced than the latter – that is, until a player eliminates the NPC selling them.

Newly-added Exotics (Update)

February 24 Exotic Shuffle (Update)

On February 24, Epic shuffled some of the original and new Exotic weapon locations, giving them to new NPCs across the Fortnite map. The Storm Scout Sniper, Nighthawk Revolver, and Hop Rock Dualies now have new homes. You can view them on the map, below.

Fortnite exotic shuffle

We wouldn’t be surprised to see Epic shuffle the locations once again, so we’ll update this map and article if we see any more changes.

Image Credit: Epic Games, Fortnite.GG

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