The U.S. Treasury Department has proposed a rule that would require #cryptocurrency brokers to report users' sales and exchanges of digital assets to the IRS. The proposed #tax reporting form aims to simplify calculations of gains for #crypto users and is estimated to bring in $28 billion in tax #revenue over a decade. The proposal has garnered mixed reactions from the crypto industry.

https://www.reuters.com/markets/us/biden-administration-unveils-new-crypto-tax-reporting-rules-2023-08-25/

Reply to this note

Please Login to reply.

Discussion

No replies yet.