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IRS to Implement New Crypto Reporting Form in 2026?
623 sats \ 11 comments \ @Signal312 15h bitcoin
I got this from an email newletter I subscribe to (from BitcoinMentor.io)
IRS to Implement New Crypto Reporting Form in 2026
Starting in 2026, the IRS will issue Form 1099-DA to report Bitcoin and other digital asset transactions, requiring brokers like exchanges and wallet providers to send details on gross proceeds, cost basis, and transaction specifics to both taxpayers and the agency. This includes WALLET ADDRESSES. If you have not done so already, it’s time to learn about the privacy tools already available.
I hadn't heard anything about this.
Thoughts? Comments?
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34 sats \ 3 replies \ @0xbitcoiner 15h
USA?
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21 sats \ 2 replies \ @Signal312 OP 15h
Yes.
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222 sats \ 1 reply \ @0xbitcoiner 15h
Looks like it’s time to stop using exchanges and wallet providers that report to the U.S. agencies.
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0 sats \ 0 replies \ @d680ecaa8e 13h
Seems not promising thing in the horizon
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68 sats \ 0 replies \ @Scoresby 14h
There's a number of exchanges where you can withdraw on Lightning. I wonder what they would consider an "address" in this case? The invoice?
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34 sats \ 1 reply \ @BeeRye 13h
if you fill out the confession form, or interface with an entity that fills out the confession form on your behalf...🤷‍♂️
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0 sats \ 0 replies \ @Signal312 OP 13h
What do you mean - like if you hire a tax prep firm?
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34 sats \ 0 replies \ @byzantine 14h
time to dca via mining
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34 sats \ 0 replies \ @BlokchainB 14h
Welp so much for privacy
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0 sats \ 0 replies \ @31134f8559 12h freebie
es bastante interesante
0 sats \ 0 replies \ @HighOfLot 12h outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.