BlockBeats News, June 27th, according to The Block, CoinLedger CEO David Kemmerer said that in the past 60 days, the cryptocurrency tax software platform CoinLedger has seen a 758% surge in the number of U.S. users receiving letters from the Internal Revenue Service (IRS), with accounting firms such as Taxing Cryptocurrency also confirming this trend.
Kemmerer stated in an email that despite Trump expressing a willingness to eliminate domestic cryptocurrency taxation in the United States, Congress has not yet proposed any relevant legislation. In the meantime, many investors still mistakenly believe they do not need to report cryptocurrency assets on their tax returns. He added that this may be the beginning of a broader enforcement trend, especially against the backdrop of new 1099-DA tax reporting requirements set to take effect next year.
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