The IRS has told Congress that it will issue new cryptocurrency tax guidance soon.12

In a new letter, the IRS Commissioner said he has “made it a priority” to issue additional guidance on crypto taxation.

Last week, Commissioner Charles Rettig responded to an April 11 letter from a bipartisan group of 21 Members of Congress, led by Rep. Tom Emmer, that asked the agency to issue needed guidance on the tax consequences and basic reporting requirements for taxpayers that use virtual currencies. In that response, Commissioner Rettig acknowledged that there are “areas where needed and helpful additional guidance can be provided,” and went on to say:

Original source
https://coincenter.org/link/the-irs-has-told-congress-that-it-will-issue-new-cryptocurrency-tax-guidance-soon

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