Why Crypto Should Modify the Section 6050i Tax Change, Not Fight It


The greatest method to resolve this drawback could be to interrupt the class “digital assets” up into three sorts: steady digital belongings (stablecoins and LTDA), non-stable fungible cash (bitcoin, ether, dogecoin, and so on) and non-stable non-fungible cash (NFTs). The financial threshold for triggering a Form 8300 reporting requirement, presently set at a flat $10,000, must be listed to the sort of digital asset.