IRS Code Section 6050I went into effect for crypto transactions taking place after Dec. 31, 2023. Find out which transactions are impacted and what the filing requirements are.
DESIGNED FOR
CPAs and accountants involved with reporting crypto transactions for their company or clients
BENEFITS
Understand how to comply with IRS Code Section 6050I.
HIGHLIGHTS
- What is the filing threshold?
- What constitutes a trade or business?
- What does the reporting entail?
- Where does the information get reported?
- What are the consequences of not filing?