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New IRS Rules Require BDs to Report Sales, Exchanges of Digital Assets
News July 01, 2024 at 01:49 PM
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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.
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