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IRS Continues to Tighten its Focus on U.S. Cryptocurrency Investors

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2025 has brought substantial new challenges as the IRS continues to tighten its focus on U.S. cryptocurrency investors. Cryptocurrency brokerages are required to report gross proceeds for each digital asset transaction they manage on IRS Form 1099-DA. This requirement applies to all digital currency transactions on or after January 1st of this year (2025)….
By: Allen Barron, Inc.

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