Information Reporting by Non-custodial Brokers of Digital Asset Transactions

Summary

The U.S. Treasury Department and IRS released for publication in the Federal Register final regulations (T.D. 10021) requiring non-custodial brokers that regularly provide services effectuating certain digital asset sales and exchanges (i.e., brokers providing trading front-end services) to file information returns and furnish payee statements reporting gross proceeds in such transactions occurring on or after January 1, 2027.