Public Comment on Proposed Regulations on crypto taxation from United States’ IRS and Treasury 


The DTIF responded to United States’ Internal Revenue Services and Treasury Proposed Rule on ‘Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions’. The proposal contains regulations regarding information reporting, the determination of amount realized and basis, and backup withholding, for certain digital asset sales and exchanges.

 

See the full response here.

 

Ref: IRS and REG–122793–19