# CryptoTax

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IRS Tightens Digital Asset Reporting as Filing Season Nears
Compliance pressure intensified after the IRS confirmed that crypto brokers must report gross proceeds on Form 1099-DA for transactions settled through their platforms, with basis reporting phased in later. The rule targets centralized exchanges first, but DeFi front-ends that exercise discretion over trades may also fall under the definition. Tax attorneys note the guidance closes a gap where cost basis was self-reported, raising audit odds for 2026 filings. Market reaction was subtle but telling: exchange outflows of long-held BTC r
BTC2.62%
ETH2.94%
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2026 GOGOGO 👊
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