🇺🇸CRYPTO INVESTORS' TRANSACTIONS TO BE REPORTED TO IRS FOR FIRST TIME
Starting this year, crypto transactions on centralized systems like Coinbase and Gemini might be mentioned to the IRS through the brand new 1099-DA form.
While price foundation reporting won't begin till 2026, crypto ETF holders can also additionally face taxable occasions requiring professional tax guidance.
The new rule isn't a tax increase— only a compliance degree to make sure correct reporting and save you noncompliance.
Source: CNN
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