Deloitte’s Rob Massey: What Bitcoin Investors Need to Know About The Changing IRS Tax Guidance
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▶ Bitcoin Magazine Deloitte’s Rob Massey: What Bitcoin Investors Need to Know About The Changing IRS Tax Guidance Bitcoin tax rules have evolved, but the self-assessment system hasn’t changed. Rob Massey, who has advised on crypto taxes at Deloitte since 2012, explains why using Bitcoin as money creates “new muscle” for reporting, which wallet moves are and aren’t realization events, and why 1099s from brokers will never be the complete picture. Plus the one thing he’d ask Bitcoiners to advocate for, and it isn’t a repeal. Chapters: 0:00 Where Bitcoin Tax Rules Stand: Self-Assessment and Barter Transactions 1:25 Broker Reporting, 1099s and Why They’ll Never Be the Full Picture 2:06 No De Minimis Exemption Has Passed: Report Everything, Small or Large 3:00 What Business Leaders Ask Now: ETFs, Leverage and…
First reported by Bitcoin Magazine. This page is a short excerpt; the full text is theirs.
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