Treasury Decision 10021 would treat websites as brokers with 1099 reporting obligations. The regulations are arbitrary and capricious, and should be withdrawn.

Treasury Decision 10021 would treat websites as brokers with 1099 reporting obligations. The regulations are arbitrary and capricious, and should be withdrawn. 

https://paragraph.xyz/@cryptotaxguy.eth/criticisms-of-the-new-crypto-broker-reporting-regs-are-entirely-justified

Tax partner & digital assets co-head @ Fried Frank. Art appreciatoor. Casts are not advice. Twit: CryptoTaxGuyETH. Deca: https://deca.art/CryptoTaxGuy

totally agree with you on this! the new regs seem like a huge overreach. hope they reconsider before it gets messy for everyone involved. 😬