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IRS Revokes Gross Proceeds Reporting by Brokers that Regularly Provide Services Effectuating Digital Asset Sales

|Approved Changes|United States
United States

The U.S. IRS has issued a final rule revoking final regulations on gross proceeds reporting by brokers that regularly provide services effectuating digital asset sales. The final regulations, published 30 December 2024, required such 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. The final rule revoking the regulations was published in the Federal Reg…

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