IRS Releases Reformed Crypto Tax Forms That No Longer Require Address Disclosure
The U.S. Internal Revenue Service (IRS) has published an updated Form 1099-DA for reporting digital asset transactions, which introduces several key changes that may address criticisms and privacy concerns that have been raised in the past. The new version, which will reportedly be partially implemented in 2025, removes several controversial elements from earlier drafts.
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Data: Long-term holders collectively own 14.35 million BTC, accounting for approximately 68.3% of the total supply.
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MoreAnalysis: Bitcoin options with a notional value of approximately $23.8 billions will expire on December 26, potentially leading to concentrated liquidation and repricing of risk exposure at year-end.
Data: Long-term holders collectively own 14.35 million BTC, accounting for approximately 68.3% of the total supply.
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