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Crypto Taxes, IRS Cryptocurrency Rules
Are Brokers Ready for 1099-DA Customer Confusion?
May 14, 2024
2 minute read
As the January 1, 2025 deadline mandating crypto brokers to issue Forms 1099-DA approaches, the industry faces a massive compliance burden that most are unprepared for. Even the estimated 8 billion forms could be too low once tax lot reporting kicks in. Brokers must brace for an onslaught of customer inquiries once these new tax forms start arriving. The 1099-DA […]