U.S. Treasury and IRS Issue Final Regulations on Reporting of Sales and Exchanges of Digital Assets that are Subject to Tax

The U.S. IRS has announced the issuance of final regulations on reporting of sales and exchanges of digital assets that are subject to tax. The regulations are scheduled to be formally published in the Federal Register on 9 July 2024.

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Treasury, IRS issue final regulations requiring broker reporting of sales and exchanges of digital assets that are subject to tax under current law, additional guidance to provide penalty relief, address information reporting and other technical issues

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