IRS Cracks Down on Crypto Tax Compliance

Crypto investors, brace for tax changes! Starting 2025, centralized exchanges will report your activity to the IRS. Youll receive a new form, the Ten Ninety-Nine-DA, by January 2026. This form simplifies reporting but doesnt calculate your capital gains. In 2026, exchanges will report cost basis for certain assets, but not all transactions. Stay informed to meet your tax obligations.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.