The IRS has released a draft 1099-DA form to aid in reporting future cryptocurrency transactions, aiming to collect more data on self-hosted crypto wallets. The form requires disclosure of 'unhosted wallets' and additional KYC information. @DigitalChamber provides an easy-to-understand breakdown of the implications for taxpayers.
#Crypto #tax season never really ends, check my thoughts regarding the draft 1099-DA form via @ForbesCrypto here! 😎🤓 https://t.co/WEdNodRWdd https://t.co/Az7IZ5ilW2
The New IRS Crypto Form Brings Hidden Challenges For Taxpayers: by @TheCryptoCPA https://t.co/HYRNmolkrj
NEW: @DigitalChamber breaks down the newly proposed 1099-DA tax form which would ask filers to disclose if they have an “unhosted wallet” and require users to reveal more KYC information when using them 👀😮 https://t.co/2ajcJ7Hhxn
Stay ahead of the curve with the IRS's new Draft Form 1099-DA for digital assets! 📈 Learn what's new, what's important, and how to prepare. Don’t miss out on key compliance updates! Read more ➡️ https://t.co/vnOrdPKtRq #DigitalAssets #TaxCompliance #IRSUpdate
IRS is looking to collect more data on self-hosted #crypto wallets. What could this mean for YOU? Check out the @DigitalChamber's guide for an easy to understand explanation. https://t.co/nro1TgavXM
The IRS has offered a glimpse of the future of crypto reporting. https://t.co/jJCZQYr0OQ
IRS is looking to collect more data on self-hosted #crypto wallets. What could this mean for YOU? Check out the @DigitalChamber guide for an easy to understand explanation. https://t.co/nro1TgavXM
🚨 #Crypto traders alert! 🚨 The IRS has released a draft 1099-DA to help report future cryptocurrency transactions. Confused about what it means? Don't worry, @digitalchamber has you covered with an easy-to-understand breakdown. #taxes #cryptocurrency #IRS #regulations https://t.co/vswnws2jcd