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  • IRS Shares New Crypto Tax Form, Invites Industry Input
  • Crypto

IRS Shares New Crypto Tax Form, Invites Industry Input

cryptovert August 10, 2024 1 min read

The
updated
version
of
the
1099-DA
released
Friday
is
more
streamlined
than

the
first
draft
of
the
tax
reporting
form

floated
by
the
IRS
in
April.
The
spaces
for
investors
to
write
in
their
wallet
addresses
and
transaction
IDs
–
which
raised
significant
privacy
concerns
when
the
form
was
first
unveiled
–
have
been
removed.
There
is
also
no
longer
a
requirement
to
include
the
time
of
the
relevant
transactions,
just
the
date.

The
original
form
also
included
a
box
asking
the
filer
to
identify
which
type
of
broker
they
are,
including
“kiosk
operator,”
“digital
asset
payment
processor,”
“hosted
wallet
provider,”
“unhosted
wallet
provider,”
and
“other”
as
the
options.
That
box
is
no
longer
included
on
the
updated
version
of
the
form.

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