8 Comments

  1. coinfeeds-bot on

    tldr; The IRS has delayed the implementation of new cryptocurrency tax reporting requirements until January 1, 2026. This extension gives digital asset brokers additional time to develop systems to comply with regulations, which focus on determining the cost basis for crypto assets on centralized platforms. The delay addresses concerns about brokers’ readiness and allows investors more time to plan their accounting strategies. The IRS’s decision reflects the complexities of regulating digital assets and aims to align crypto tax reporting with traditional financial standards.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

  2. Thank fuck. Those Safe Harbor regulations were clear as mud and we were given 2 months to process and implement them. This should make it a lot easier

  3. Humans_r_evil on

    yall should read the fine print in the patch notes: We have delayed it due to needing to arm 800,000 more IRS agents by 2026.

  4. Environmental-ADHD on

    Pretty sure the IRS is losing their minds these days with all this new tech

  5. Neonbelly22 on

    So does this mean we don’t claim taxes? I’ve been claiming every year until this year, which is the first year of WIN lol

Leave A Reply