IRS Puts Exchanges in the Spotlight with New Crypto Tax System

In a proposal released Thursday, the U. S. IRS (Internal Revenue Service) said it plans to allow crypto brokers such as Coinbase and Kraken to require electronic delivery of digital asset tax forms rather than offering optional paper copies. The proposed rule centers on Form 1099-DA, the new reporting document for digital asset transactions source: https://beincrypto.com/irs-electronic-crypto-tax-forms-1099-da/