brypto

IRS has finalized rules requiring brokers to report digital asset transactions, including activity on decentralized exchanges.

Starting in 2027, brokers must disclose gross proceeds from crypto sales and provide details about the taxpayers involved.

Important step for IRS to ensure tax compliance in the growing digital asset market. Brokers now required to report crypto transactions, enhancing transparency and accountability. Taxpayers need to be aware of new regulations to avoid penalties.