IRS TAX BOMBSHELL SHOCKWAVES HIT US CRYPTO INVESTORS

IRS demands full crypto transaction reporting for 2025 via Form 1099-DA. This internal data will be cross-referenced with user reports, eradicating tax evasion. The IRS is cracking down. Brokers must report all digital asset trades. This means no more hiding gains. Taxpayers must now navigate Form 8949 for cost basis issues, especially with DeFi and multi-wallet strategies. Current tax compliance is below 20%. This new strictness is a transparency move or a wallet killer. US investors are panicking. The IRS means business.

#CryptoTax #IRS #FOMO #DigitalAssets

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