U.S. Department of the Treasury Releases Final Regulations Implementing Bipartisan Tax Reporting Requirements for Brokers of Digital Assets

Category: Finance

The U.S. Treasury and IRS released final regulations for DeFi brokers, requiring them to report digital asset transactions on Form 1099, ensuring compliance without imposing new tax obligations on digital asset holders. This aims to reduce errors in tax filings and align digital asset reporting with other asset classes.

Keywords: Digital Assets, Tax Regulations, DeFi Brokers

Source: Treasury

Update At: 12/28/2024

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