Crypto Tax Proposal Open for Revision, IRS Officials’ Questions Suggest

The government officials asked more than once how digital assets that may not be financial in nature, such as most non-fungible tokens (NFTs), could be separated out, and whether brokers could be in a position to identify them. Marisa Coppel, a lawyer with the Blockchain Association, said she thought that would be possible, especially if the IRS narrows what it considers a “broker” to only include the centralized exchanges.