PappyDeez Investments

PappyDeez Investments

17 posts

Crypto-wallet Security Educator

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Form 1099-DA Explained: Digital Asset Reporting

What is Form 1099-DA? Form 1099-DA is a new tax form specifically designed for reporting sales and exchanges of digital assets (cryptocurrencies) in the United States. It is part of the IRS's enhanced reporting requirements to improve tax compliance in the cryptocurrency space.

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Cryptocurrency Custody & Tax Decision Tree Map

┌─────────────────────────┐ │ STEP 1: INVESTOR CLASSIFICATION │ │ Who is the investor? │ └─────────────────────────┘ │ ┌────┴────┐ ▼ ▼ PERSONAL CORPORATE INVESTOR INVESTOR

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