When will the IRS release guidelines for reporting cryptocurrency gains and losses in 2024?

3 answers

• Bruno PorcherDec 06, 2024 · 8 months ago
  As of now, the IRS has not provided a specific date for the release of guidelines for reporting cryptocurrency gains and losses in 2024. However, it is expected that the guidelines will be released in the first quarter of the year. It is important to stay updated with the IRS announcements and publications to ensure compliance with the reporting requirements.
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• alexfrnnNov 20, 2023 · 2 years ago
  I wish I had a crystal ball to give you an exact date, but unfortunately, the IRS has not made any official announcements regarding the release of guidelines for reporting cryptocurrency gains and losses in 2024. However, based on previous years' patterns, it is likely that the guidelines will be released sometime in the first half of the year. In the meantime, it's always a good idea to keep accurate records of your crypto transactions and consult with a tax professional to ensure compliance with the IRS regulations.
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• Kathryn RobertsonAug 10, 2021 · 4 years ago
  According to the latest news, the IRS is expected to release guidelines for reporting cryptocurrency gains and losses in 2024 by the end of March. These guidelines will provide clarity on how to report your crypto transactions and calculate your gains or losses. It is crucial to stay updated with the IRS announcements and publications to ensure that you are following the correct reporting procedures. Remember, accurate reporting is essential to avoid any potential penalties or audits from the IRS.
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