IRS Releases Draft of 2025 Digital Asset Reporting Form for US Taxpayers

The IRS (Internal Revenue Service) has released a draft of a new form called 2025 Digital Asset Reporting, which is intended for US taxpayers. This form is specifically prepared for individuals or entities who engage with digital assets or cryptocurrencies such as Bitcoin, Ethereum, and so on.

The form allows taxpayers to declare any kind of digital asset transactions, including the purchase, sale, exchange, or acquisition of these assets. This move comes in line with the growing acceptance and prevalence of digital currencies within global markets