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Tax Clarity: The New U.S. Crypto Tax Era and Form 1099-DA 📜🇺🇸
The IRS has officially activated new reporting requirements for 2025, mandating that brokers report gross proceeds from digital asset sales using the new Form 1099-DA. 🏦📑
$BTC
By 2026, this framework will expand to include "cost basis" reporting, eliminating tax ambiguity and treating crypto with the same structural rigor as traditional stocks. ⚖️💎
$ONDO
The bipartisan "Digital Asset PARITY Act," introduced in late 2025, proposes tax exemptions for small daily purchases under $200 and more favorable rules for staking rewards. ☕⛓️
$TRX
While the "wash sale" loophole is closing—requiring a 30-day wait to claim losses—these rules provide the "clean" data institutional investors need to enter the market. 🚪🛡️
This shift toward automated tax reporting is a massive leap for mainstream legitimacy, reducing the manual burden on individual taxpayers while increasing federal oversight. 🏗️📈
As the U.S. modernizes its tax code for the Web3 age, "tax-loss harvesting" and long-term holding strategies are becoming essential tools for savvy investors. 🏁💰
#CryptoTax #IRS #1099DA #DigitalAssetRegulation
The IRS has officially activated new reporting requirements for 2025, mandating that brokers report gross proceeds from digital asset sales using the new Form 1099-DA. 🏦📑
$BTC
By 2026, this framework will expand to include "cost basis" reporting, eliminating tax ambiguity and treating crypto with the same structural rigor as traditional stocks. ⚖️💎
$ONDO
The bipartisan "Digital Asset PARITY Act," introduced in late 2025, proposes tax exemptions for small daily purchases under $200 and more favorable rules for staking rewards. ☕⛓️
$TRX
While the "wash sale" loophole is closing—requiring a 30-day wait to claim losses—these rules provide the "clean" data institutional investors need to enter the market. 🚪🛡️
This shift toward automated tax reporting is a massive leap for mainstream legitimacy, reducing the manual burden on individual taxpayers while increasing federal oversight. 🏗️📈
As the U.S. modernizes its tax code for the Web3 age, "tax-loss harvesting" and long-term holding strategies are becoming essential tools for savvy investors. 🏁💰
#CryptoTax #IRS #1099DA #DigitalAssetRegulation
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Tax Transparency in Crypto: What Will Change for Traders and Hodlers
🧾 IRS has published a draft of the new version of Form W-9, which will come into effect in January 2026. For the first time, it includes provisions related to reporting on digital assets, including cryptocurrencies and NFTs.
🔹 Key changes:
- Brokers and platforms will be required to report capital gains on transactions involving digital assets.
🔹 Key changes:
- Brokers and platforms will be required to report capital gains on transactions involving digital assets.
🚨 Crypto Tax Alert: Form 1099-DA is coming in 2026!
⚖️ New rules = new IRS reporting for crypto investors.
#CryptoTax #1099DA #IRS #CryptoNews #TaxSeason
⚖️ New rules = new IRS reporting for crypto investors.
#CryptoTax #1099DA #IRS #CryptoNews #TaxSeason
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