The proposed treasury regs for reporting on digital asset sales for tax purposes have dropped. Comments will be due in about 60 days.

First, despite what some people are claiming, the proposed regs go out of the way to try to limit who is considered a broker to just people or entities or groups that are in a position to know the identity of their customer.

So miners, for instance, would not be considered a broker.

Also, they use the definition of person for tax purposes to further limit the term broker in that way. So an open source software project would likely no qualify either.

They are requesting comments on that and also on how to address privacy concerns.

I’m slowly making my way through the document so you don’t have to but I wanted to look at this bit immediately.

Cc: nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z, nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a, whoever is interested.

Document 👇