US Treasury and IRS finalize crypto tax reporting rules for brokers
US Treasury and IRS Finalize Crypto Tax Reporting Rules for Brokers: An In-Depth Outline Background The Internal Revenue Service (IRS) and the U.S. Department of the Treasury have finalized new rules requiring brokers to report certain cryptocurrency transactions to the IRS. This long-awaited regulation, which came into effect on January 1, 2023, represents a significant…