2025 is the end of not reporting crypto on your taxes!

2025 is going to be the end of unreported crypto! That's because starting in 2025, brokers, wallets, unhosted wallets, hosted wallets, and crypto kiosks, such as Bitcoin ATMs, will be required to report all of your trades to the IRS through Form 1099 DA.

Form 1099 DA is incredibly expansive and will spotlight crypto traders and entrepreneurs. With these new regulations, brokers, wallets, and more will be required to report any activity from U.S. persons using them and transacting, buying, and selling crypto, trading, swapping, or any of the above. As a result, the IRS will have a firehose of information, and audits will follow.

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