United States of America: Treasury Department and IRS Regulations on Reporting Sales and Exchanges of Digital Assets by Brokers
Progress
Scope
Timeline of events
Implemented IRS and Treasury Final Regulations on Reporting Sales and Exchange of Digital Assets by Brokers
On 9 September 2024, the Internal Revenue Service (IRS) and the US Department of the Treasury (Treasury) regulations on reporting sales and exchanges of digital assets by brokers enter into force. The regulations align with longstanding reporting r…
SourceAdopted Treasury Department and IRS Regulations on Reporting Sales and Exchanges of Digital Assets by Brokers
On 28 June 2024, the US Department of the Treasury and the Internal Revenue Service (IRS) released final regulations to implement the bipartisan tax reporting requirements for sales and exchanges of digital assets. These regulations require brokers …
SourceClosed consultation on Treasury Department and IRS Proposed Regulations on Reporting Sales and Exchanges of Digital Assets by Brokers
On 13 November 2023, the US Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) closed the public consultation on the proposed regulations on reporting digital asset sales by brokers. The IRS extended the consulta…
SourceOpened consultation on Treasury Department and IRS Proposed Regulations on Reporting Sales and Exchanges of Digital Assets by Brokers
On 25 August 2023, the US Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) published proposed regulations on reporting digital asset sales by brokers and opened a public consultation until 13 November 2023. The…
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