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.
On-Demand
About the Speakers
Rob Massey
Partner, Global & US Blockchain & Digital Assets Leader, Deloitte Tax LLP
Denise Hintzke
Managing Director, Global Marketing Leader – Information Reporting, Deloitte Tax LLP
Susan Segar
Managing Director, Washington National Tax – Global Information Reporting Leader, Deloitte Tax LLP
Erin Fennimore
VP of Tax Solutions, TaxBit