The I.R.S. has launched type 1099 D.A., which is used to report broker-dealer transactions involving digital property (cryptocurrencies). The shape requires reporting of transaction particulars resembling events concerned, quantities, and dates. It additionally requires reporting of blockchain addresses concerned within the transactions, doubtlessly permitting the I.R.S. to observe asset actions over time.
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▬▬▬▬▬ Timestamps ▬▬▬▬▬
00:00 Intro
00:30 Tax Regulation Modifications for Digital Property
01:45 Kind 1099-DA Particulars
02:45 Wash Gross sales and Cryptocurrencies
03:45 Digital Asset Transaction Addresses
04:30 Buying and selling: Course of and Reporting
08:23 Remaining Ideas
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