Regulators believe that crypto 1099-Bs will improve third-party information reporting by exchanges, make it easier for taxpayers to file taxes and ultimately lead to improved compliance. But they failed to take into account several important considerations.
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BTC/USD$ 98,124.29 1.14%
ETH/USD$ 3,491.32 4.78%
USDT/USD$ 1.00 0.23%
SOL/USD$ 251.99 1.87%
BNB/USD$ 664.32 2.21%
XRP/USD$ 1.47 7.49%
DOGE/USD$ 0.426622 3.07%
USDC/USD$ 1.00 0.14%
ADA/USD$ 1.05 4.84%
STETH/USD$ 3,493.62 4.68%
AVAX/USD$ 45.54 14.43%
TRX/USD$ 0.210748 1.93%
TON/USD$ 6.23 4.23%
XLM/USD$ 0.512958 3.81%
SHIB/USD$ 0.000026 3.28%
WSTETH/USD$ 4,133.21 4.31%
WBTC/USD$ 97,921.24 0.88%
DOT/USD$ 8.95 6.15%
LINK/USD$ 18.74 12.59%
BCH/USD$ 524.95 6.53%
WETH/USD$ 3,495.56 4.86%
SUI/USD$ 3.41 3.34%
PEPE/USD$ 0.00002 2.21%
NEAR/USD$ 6.80 9.49%
LEO/USD$ 8.40 2.97%
LTC/USD$ 97.66 3.03%
UNI/USD$ 11.91 12.50%
APT/USD$ 12.74 7.46%
WEETH/USD$ 3,676.59 4.62%
ICP/USD$ 12.46 14.29%
HBAR/USD$ 0.144538 0.45%
USDS/USD$ 0.998542 0.03%
CRO/USD$ 0.18989 1.60%
POL/USD$ 0.595122 9.62%
ETC/USD$ 31.01 10.19%
RENDER/USD$ 7.90 4.34%
KAS/USD$ 0.156055 5.63%
FET/USD$ 1.50 5.14%
TAO/USD$ 527.06 4.54%
USDE/USD$ 1.00 0.11%
ARB/USD$ 0.916726 10.78%
WBT/USD$ 24.39 0.12%
VET/USD$ 0.043295 6.32%
DAI/USD$ 1.00 0.14%
FIL/USD$ 5.77 5.86%
BONK/USD$ 0.000046 2.68%
ATOM/USD$ 8.69 0.55%
TIA/USD$ 7.86 8.10%
STX/USD$ 2.23 14.85%
OKB/USD$ 54.93 4.81%