New Form 1099-DA: What it Means for Digital Asset Brokers and Their Customers
Unpacking the IRS’ controversial new crypto tax regulation proposals.
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Tax Week 2023
Unpacking the IRS’ controversial new crypto tax regulation proposals.
(GR Stocks/Unsplash, modified by CoinDesk)
Kristin Smith, CEO, Blockchain Association (Shutterstock/CoinDesk)
Crypto advocate Peter Van Valkenburgh argues the IRS’ extended reporting requirements violate the First and Fourth Amendments. (Coin Center)
David Kemmerer anticipates the unintended consequences of proposed new regulations on brokers reporting crypto transactions. Expensive “tax experts” are set to benefit financially, he says, even if ordinary investors won’t.