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U.S. Treasury and IRS Issue Final Regulations on Reporting of Sales and Exchanges of Digital Assets that are Subject to Tax

02 July 2024

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Approved Changes

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United States

The U.S. IRS has announced the issuance of final regulations on reporting of sales and exchanges of digital assets that are subject to tax. The regulations are scheduled to be formally published in the Federal Register on 9 July 2024. --- Treasury, IRS issue final regulations requiring broker reporting of sales and exchanges of digital assets that are subject to tax under current law, additional guidance to provide penalty relief, address information reporting and other technical issues IR-2024-178, June 28, 2024 WASHINGTON — The U.S. Department of the Treasury and the Internal Revenue Service today issued final regulations requiring custodial...