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Coin Edition 2024-08-10 12:20:00

IRS’s New Crypto Tax Form: Less Privacy Concerns, More Clarity

The Internal Revenue Service (IRS) has released an updated draft of Form 1099-DA, a key development for brokers reporting the sale and exchange of digital assets starting in 2025. This early release invites comments and feedback to refine the form before it is officially implemented. IRS Commissioner Danny Werfel emphasized that the new Form 1099-DA The post IRS’s New Crypto Tax Form: Less Privacy Concerns, More Clarity appeared first on Coin Edition .

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