Starting in 2025, American traders using centralized exchanges will have their digital asset transactions reported to the IRS, marking the first tax year requiring third-party reporting for crypto transactions. Crypto brokers will track transaction details and issue a new tax form, the 1099-DA, reporting purchases and sales. Decentralized platforms will have reporting requirements starting in 2027. The changes aim to streamline compliance and reduce errors, but do not introduce new taxes for investors. The regulations align with the upcoming inauguration of Donald Trump, sparking optimism for a more crypto-friendly regulatory environment.



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