New Tax Reporting Rules: What You Need to Know
Digital Asset Newsยท2025-08-20 05:07
Jan 1 2025 going forward in the US you need to be reporting per wallet or by by each wallet. So if you sold an asset in Kraken you have to pull from a tax lot from Kraken. You can't sell this lot that I'm holding in my ledger cold wallet for example.Um and so pre2025 I'd say most people were actually reporting that way. And now moving forward, we all need to switch to reporting on each wallet level. ...