Bitcoin

On August 25, 2023, the U.S. Treasury Department introduced a significant new rule. This rule mandates that cryptocurrency brokers, encompassing exchanges and payment processors, must report user data – including cryptocurrency sales, purchases, and asset exchanges – to the <a href="https://www.irs.gov/pub/irs-drop/rr-23-14.pdf" rel="noopener noreferrer nofollow">IRS</a>.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/7bce05fbf9b24636a57456d9c675e443.gif" />Ad. Participate in Trigoz Airdrop &amp; Get $50 worth of OZ Tokens Free <a href="https://t.me/trigOz_Airdrop_Bot" rel="noopener noreferrer nofollow">Join Now</a>The purpose is to tackle potential tax evasion within the cryptocurrency domain. This <a href="https://cryptosheadlines.com/proposed-crypto-tax-reporting-rules-by-treasury-and-irs/" rel="noopener noreferrer nofollow">rule brings forth a fresh tax reporting</a> form, named Form 1099-DA, which simplifies cryptocurrency and Non-fungible token tax calculations for taxpayers.The rule broadens the “broker” definition to include both centralized and decentralized digital asset trading platforms, crypto payment processors, <a href="https://cryptosheadlines.com/game-changing-crypto-tax-reporting-rules-revealed-by-u-s-treasury/" rel="noopener noreferrer nofollow">Read More...</a>

Game-Changing Crypto Tax Reporting Rules Revealed by U.S. Treasury

CryptosHeadlines.com

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