Reuters
Significant civil and criminal tax penalties for non-reporting of cryptocurrency transactions
...without regard to whether each individual transaction involving that digital asset is actually recorded on that ledger, including non-fungible tokens ("NFTs"), that take place on or after Jan. 1, 2025, will require brokers to report gross proceeds to the IRS on a newly developed Form 1099-DA (a draft of which was released by the IRS on April 18, 2024) and to provide similar statements to their customers.
5 days ago