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New Cryptocurrency IRS Reporting Rules
I thought the undependent women here trading in cryptocurrency might like to be made aware of these new IRS rules. After four years of work, the IRS has finalized its cryptocurrency regulations, and crypto tax reporting now begins. Starting with the 2025 tax year, custodial crypto platforms must report taxable crypto transactions directly to the IRS. “Digital asset brokers” must handle this reporting when they take custody of the digital assets their customers sell or exchange. These brokers include - operators of centralized trading platforms such as Coinbase, Kraken, and Binance; and - hosted wallet providers (also called “custodial wallets”). Most crypto transactions run through these brokers. Brokers must file the new IRS Form 1099-DA, Digital Asset Proceeds From Broker Transactions. This form reports the following: - Customer’s name, address, and taxpayer identification number - Name and quantity of the digital asset sold - Sale date - Gross proceeds amount Brokers must file the first Forms 1099-DA for the 2025 tax year by March 31, 2026. For 2025 only, brokers must report gross proceeds from sales or other transfers. Gross proceeds represent the total amount you receive when you sell or exchange crypto, before any fees or other costs. Beginning in 2026, brokers must also report the customer’s cost basis—the original value of the crypto at acquisition plus any associated costs. With Form 1099-DA in place, you will find it easier to calculate your crypto gains and losses when you file your return. However, the IRS will know much more about your transactions.
A little encouragement from Spirit
I started a live event on my Skool group knowing it was going to be a slow start. That’s ok. I’m adding value. I’m showing up. I meditated for a bit during my empty call. Then grabbed my Goddess Guidance oracle cards. 1. Focused intention 2. Don’t back down 3. This one fell out of the deck, always love those. Blossoming. You are just getting started, have patience, don’t give up. I love it.
A little encouragement from Spirit
Welcome to PPA or People Pleasers Anonymous
@Robin Helm shared a post recently with a 12 step list she created for people pleasers. I’m excited about this list and recreated an up scale version. With Robin’s permission I’m sharing it so you can use it also. I also want to encourage Robin to explore the possibilities of sharing her wisdom in a larger way to assist others with a journey she is very familiar with. We all have an edge that moves us out of our comfort zone. What story do we tell ourselves to stay comfortable? I don’t know how to do that. That’s someone else’s role, not mine. I can’t shine that bright without upsetting someone else. I guess I need to sit with why her list sets excitement off in me. I think I’m excited that Robin created a list that could help a lot of people. You have permission to download this. In joy!
Welcome to PPA or People Pleasers Anonymous
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