Connect with us

Bussiness

What the new IRS guidance on crypto tax reporting means for investors

Published

on

What the new IRS guidance on crypto tax reporting means for investors

Recep-bg | E+ | Getty Images

The U.S. Department of the Treasury and IRS on Friday released final tax reporting rules for digital asset brokers — and crypto investors have limited time to prepare, experts say.

Mandatory yearly reporting will phase in starting in 2026, with digital currency brokers required to cover gross proceeds from sales in 2025 via Form 1099-DA. In 2027, brokers must include cost basis, or purchase price, for certain digital asset sales for 2026.  

Continue Reading