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New crypto tax reporting obligations took effect on new year’s day

New crypto tax reporting obligations took effect on new year’s day

The Infrastructure Investment and Jobs Act requires anyone who receives $10,000 or more in cryptocurrency in the course of their trade or business to make a report to the IRS about that transaction.

The report must include the name, address, Social Security, the amount received, the date and nature of the transaction.

This is community-generated content, not advice from ONUS.
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