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IRS Simplifies Crypto Tax With New 1099-DA Draft

BitcoinWorld LogoBitcoinWorld14h ago

IRS Simplifies Crypto Tax With New 1099-DA Draft - BitcoinWorld

Quick Summary:

The IRS’s new 1099-DA draft simplifies crypto tax reporting by addressing privacy concerns and streamlining requirements for brokers and investors.

Jessalyn Dean, Vice President of Tax Information Reporting at Ledgible, noted that the previous draft was confusing and difficult to understand, while this version is much clearer and easier to use.

The release of this new draft follows the IRS’s recent guidelines for brokers on reporting virtual currency transactions issued just two months ago.


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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-13 @ 15:18:45 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 566 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22066898

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About BitcoinWorld

BitcoinWorld Logo

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 16 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #121

Publisher Details

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The story "IRS Simplifies Crypto Tax With New 1099-DA Draft" was covered 14 hours ago by BitcoinWorld, a news publisher based in India.

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  • URL: https://beamstart.com/news/irs-simplifies-crypto-tax-with-17235658033703

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