IRS Enacts 2024 Tax Reporting Rule for Crypto Transactions Over $10K, Prompting Debate
A recent move by the Internal Revenue Service (IRS) has stirred controversy within the crypto community, as the agency now mandates reporting for transactions involving at least $10,000 in cryptocurrencies. Effective since January 1, 2024, this regulation stems from the infrastructure bill signed into law by U.S. President Joe Biden in November 2021. Under this […]
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