"Digital Chamber of Commerce proposes to simplify IRS digital asset reporting form 1099-DA, making it easier for cryptocurrency brokers to use and protecting people's privacy. 📝💼#cryptocurrency#blockchain #IRS
- Digital Chamber feedback indicates that the current reporting template requires too much unnecessary information.
- They are also concerned about asking for sensitive information such as transaction IDs and digital asset addresses.
- Digital Chamber recommends that the IRS issue specific guidance to brokers before completing the reporting form.
What do you think about this proposal? Please leave your opinion below in the comments section! #discuss"