Regulation
The IRS is Making It Easier To File Your Crypto Taxes
The Internal Revenue Service headquarters in Washington, DC.
Photographer: Andrew Harrer/Bloomberg
This article is for subscribers only.
The IRS has given US cryptocurrency holders a bit more clarity about how to report digital assets on their 1040 income tax forms, a likely precursor to regulatory guidance.
In 2022 tax form draft instructions released late Monday, the Internal Revenue Service expanded how taxpayers should list their crypto transactions, including switching the verbiage from “virtual currency” to “digital assets.”