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Your 2021 Crypto Taxes: How to Handle NFTs, DAOs, Airdrops and More - Ep.320

Unchained

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Understanding Cryptocurrency Reporting in the Infrastructure Bill

This chapter explores the proposed changes in cryptocurrency reporting requirements due to the infrastructure bill, particularly the implementation of a new 1099 form for digital assets. It addresses the challenges faced by decentralized exchanges and private wallets, while emphasizing the need for businesses to comply with specific reporting obligations for large cryptocurrency transactions.

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