Скачать или смотреть Crypto Tax Rules for Brokers Coming in 2025, DeFi & Personal Wallets on Hold

Crypto Tax Rules for Brokers Coming in 2025, DeFi & Personal Wallets on Hold

The IRS has announced new regulations for cryptocurrency brokers, mandating 1099 form filings for transactions beginning in 2025. By 2026, brokers must also track the cost basis of customers' tokens. Major platforms like Coinbase and Kraken are primarily affected, while non-custodial services and most stablecoin sales are temporarily exempt. NFT transactions exceeding $600 will need to be reported. These rules aim to enhance tax compliance but have raised industry concerns about potential overreach. Additional rules for DeFi and non-hosted wallet providers are expected later this year.

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