Tag: Proposed Regulations

IRS Proposed Regulations – Reporting Digital Assets Transactions by Brokers

Nov 27, 2023

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by

Zhoudi Tang, CPA

in Tax Insight

For people that have been enjoying trading digital assets, there are some unfortunate news in the horizon. The IRS has unveiled draft regulations mandating that brokers report transactions involving digital assets carried out by their clients. (Introduction to Proposed Regulation REG-122793-19; IRS Announcement 2023-153) These proposed regulations address various issues related to digital assets such…