IRS Drafts New Crypto Reporting Rules for Tax Year 2022

IRS Drafts New Crypto Reporting Rules for Tax Year 2022

Regulations
October 20, 2022 by secret
214
[ad_1] Key Takeaways The IRS has released a draft version of Form 1040, which includes new reporting guidelines for digital assets. This year, the tax agency has explicitly instructed taxpayers to report NFTs alongside crypto and stablecoins. Taxpayers will need to report most, but not all, transactions and transfers involving digital currencies. Share this article