Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales
other · IRS · Rule · Published 2024-12-30 · Effective 2025-02-28 · 89 FR 106928
Document
Document number
2024-30496
Federal Register citation
89 FR 106928
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations.
Category
other
Sub-agency
IRS
Publication date
2024-12-30
Effective date
2025-02-28
Treasury docket
TD 10021
Abstract
This document contains final regulations regarding information reporting by brokers that regularly provide services effectuating certain digital asset sales and exchanges. The final regulations require these brokers to file information returns and furnish payee statements reporting gross proceeds on dispositions of digital assets effected for customers in certain sale or exchange transactions.