🚨 BIG TAX UPDATE for Crypto Users 🚨
$AXS PayPal just confirmed: Starting with tax year 2025, they will issue IRS Form 1099-DA to U.S. users who sell, exchange, or dispose of digital assets (like crypto or $PYUSD) in their PayPal wallet.
$DUSK These forms report your transaction proceeds directly to the IRS and they'll be sent to eligible users by February 15 each year (first ones arriving early 2026 for 2025 activity).
This is a major step pulling mainstream crypto deeper into the official U.S. tax reporting system. If you're using PayPal for crypto, expect better tracking... and make sure your records are solid!
$HOME What do you think more compliance = more legitimacy for crypto, or just extra headaches? Drop your thoughts below 👇
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