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Lawmakers Want Answers From IRS, Citing Major Issues With Crypto Tax Guidance

Eight lawmakers have sent a letter to the IRS seeking answers to new questions stemming from the latest crypto tax guidance. They pointed out a number of major issues including unwarranted tax liabilities for crypto users who unwillingly receive forked or airdropped coins. Also read: Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines...
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Bitcoin (BTC) $ 108,944.19 0.90%
Ethereum (ETH) $ 2,819.32 1.81%
Tether (USDT) $ 1.00 0.01%
XRP (XRP) $ 2.30 0.18%
BNB (BNB) $ 668.03 0.53%
Solana (SOL) $ 163.23 0.90%
USDC (USDC) $ 1.00 0.00%
Dogecoin (DOGE) $ 0.195972 0.48%
TRON (TRX) $ 0.278402 4.39%
Lido Staked Ether (STETH) $ 2,815.91 1.61%