Tax policy update with Deloitte: Digital asset reporting regulations issued

Unpacking New Regulations for Reporting Digital Asset Transactions

The IRS and the US Department of the Treasury issued the long-anticipated proposed regulations under Sections 6045 and 6050W providing guidance for information reporting of digital assets. These regulations require brokers to report digital asset transactions by customers on or after January 1, 2025, on new Form 1099-DA. We’ll discuss:

Key aspects of the new regulations for information reporting on digital asset sales, transfers, and other dispositions

• Types of reportable digital assets

• Parties responsible for documenting, withholding, and reporting

• Requirements for accurate and timely reporting

• Taxbit’s VP of Tax Solutions, Erin Fennimore will provide perspectives on the impact to this industry

Participants will assess the implications of the newly proposed regulations and how to address them.

1 Overview CPE credit | Taxes

This is a Deloitte hosted webinar.