According to Foresight News, the U.S. Internal Revenue Service (IRS) has released an updated draft version of tax form 1099-DA, which is intended for cryptocurrency brokers and investors to report certain transaction gains. The public has 30 days to provide feedback on this version to the IRS.IRS officials stated that the newly released 1099-DA update is more streamlined compared to the initial draft proposed by the IRS in April. Notably, the requirement for investors to fill in wallet addresses and transaction IDs has been removed, addressing privacy concerns that arose when the form was first introduced. Additionally, the updated form no longer requires the specific time of transactions, only the date.
