IRS updated digital asset tax form ditches wallet address, transaction ID requirements

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The post IRS updated digital asset tax form ditches wallet address, transaction ID requirements appeared first on CoinGeek.

The IRS revealed its first draft of 1099-DA in April 2024, giving members of the public 30 days to provide feedback and input on the draft.

The exact release date of the final 1099-DA remains unclear, but the form will likely begin being used for the 2025 tax year.New to blockchain?

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Article Details

Author / Journalist: James Field

Category: Crypto

Markets: CanadaHong KongUnited States

Topics: Regulation Tax Internal Revenue Service Business Danny Werfel Form 1099-DA

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-14 @ 07:00:44 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 603 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 34 words per sentence (average)

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

Copyright Owner: © CoinGeek

News ID: 22073911

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