francisscottkey on Nostr: 🇺🇸CRYPTO INVESTORS' TRANSACTIONS TO BE REPORTED TO IRS FOR FIRST TIME Starting ...
🇺🇸CRYPTO INVESTORS' TRANSACTIONS TO BE REPORTED TO IRS FOR FIRST TIME
Starting this year, crypto transactions on centralized platforms like Coinbase and Gemini will be reported to the IRS via the new 1099-DA form.
While cost basis reporting won’t start until 2026, crypto ETF holders may face taxable events requiring expert tax guidance.
The new rule isn’t a tax increase—just a compliance measure to ensure accurate reporting and prevent noncompliance.
Source: CNN
Starting this year, crypto transactions on centralized platforms like Coinbase and Gemini will be reported to the IRS via the new 1099-DA form.
While cost basis reporting won’t start until 2026, crypto ETF holders may face taxable events requiring expert tax guidance.
The new rule isn’t a tax increase—just a compliance measure to ensure accurate reporting and prevent noncompliance.
Source: CNN