Digital Chamber raises privacy concerns over IRS crypto tax draft
The Chamber proposes adding a field to the form for brokers to indicate if a digital asset has a different tax rate, such as NFTs taxed as collectibles, to prevent errors and ensure accurate reporting.
Post from: Cointelegraph.com News
Tags: Digital Chamber of Commerce, IRS Form 1099-DA, blockchain industry, crypto reporting, digital assets, taxpayer privacy, NFT tax rates, broker compliance, IRS feedback