The IRS is proposing a new tax form, 1099-DA, that would require disclosing unhosted wallets and more KYC information for crypto transactions. This move has raised concerns about privacy and pseudonymity in the crypto space, with organizations like Digital Chamber offering explanations and guidance to traders.
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
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
🚨 #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
The draft 1099-DA is out! Read more about what that means from @CoinDesk, with quotes from Ledgible's VP of Tax Information Reporting. https://t.co/1UuAOF815U #digitalassets #crypto #tax #compliance #reporting #irs
The IRS has offered a glimpse of the future of crypto reporting. https://t.co/zrIILhRVwe
IRS Set to Kill Pseudonymity in Crypto? Tax Form Proposal Raises Alarms ► https://t.co/P8e0JBEyfg https://t.co/P8e0JBEyfg