July 22, 2021
Bloomberg’s Daily Tax Report quoted Tax Director Evan Fox in an article about changes in the IRS reporting form for cryptocurrency transactions.
Bloomberg Daily Tax Report
Excerpt:
“The wording here has always been a little strange and unclear but removing ‘send’ to me is actually the biggest component,” he said. That could be interpreted as alleviating the need for disclosure in cases where an individual already owns cryptocurrency but is simply relocating it to a different exchange or wallet for security or preference purposes, Fox said.
