IRS releases draft digital asset tax form
PANews reported on April 21 that according to Bitcoin com, the United States Internal Revenue Service (IRS) released a draft tax form for reporting digital asset transactions, which is applicable to tax returns in 2025. The form, known as a 1099-DA, is used to report digital asset gains from trades made by brokers. Brokers, including non-custodial wallet providers, must report proceeds from digital asset dispositions to the IRS, according to instructions on the payee form. A cryptocurrency tax expert stressed that the IRS’s collection of certain data points, such as wallet addresses, “could raise significant privacy and security concerns.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tesla officially announces: Cybercab launch event to be held in Austin on September 3
Tesla will launch its steering wheel-free and pedal-free autonomous driving model, the Cybercab, in Austin on September 3 local time. Previous reports indicate that the Cybercab has already completed road tests and employee ride-alongs, with plans to first open to employees before making it available to the public. Currently, the Austin Robotaxi fleet mainly consists of 186 modified Model Y vehicles, and Cybercab will gradually be added to the fleet; however, mass production within the year will be limited and commercialization approval is still pending.
Crypto prices
More
