New IRS Rules Require BDs to Report Sales, Exchanges of Digital Assets

What You Need To Know

• The final regs require brokers to report certain transactions in crypto and other digital assets that take place beginning in 2025.
• Reporting is required by brokers who take possession of the digital assets being sold by their customers.
• The IRS will collect much-needed (and rightly owed) tax revenue, says Ric Edelman.