IRS releases draft form to report certain crypto transactions | • CRYPTO NEWS • #BTC • #ETH •
IRS releases draft form to report certain crypto transactions
The Internal Revenue Service released an early draft of a tax form for brokers and exchanges to report certain sales of digital assets, giving insight into how the IRS may categorize brokers. In the Form 1099-DA draft posted on Thursday, the IRS lists broker types: kiosk operator, digital asset payment processor, hosted wallet provider, unhosted wallet provider and others. The form also asks for a "digital asset address" and whether the asset is a "noncovered security."
