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The Daily Hodl 2024-04-22 16:55:58

New IRS Draft Tax Form Proposes Tracking of Certain Crypto Transactions

A new draft tax form by the Internal Revenue Service (IRS) is proposing tracking specific crypto transactions. The Digital Asset Proceeds From Broker Transactions draft indicates that taxpayers must fill out Form 1099-DA, which collects trader identification and detailed transaction data from crypto “brokers.” According to Shehan Chandrasekera, a crypto accountant and the head of The post New IRS Draft Tax Form Proposes Tracking of Certain Crypto Transactions appeared first on The Daily Hodl .

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