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Guidance for Taxpayers to Allocate Basis in Digital Assets to Wallets or Accounts as of January 1, 2025 [Revenue Procedure 2024-28]

Oct 14, 2024 · 478.6 KB Download

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The American Institute of CPAs (AICPA) submitted recommendations urging the Department of the Treasury and the Internal Revenue Service (IRS) to provide additional clarity, further guidance, and greater awareness on critical issues stemming from Revenue Procedure 2024-28, Guidance for Taxpayers to Allocate Basis in Digital Assets to Wallets or Accounts as of January 1, 2025.

Download the Guidance for Taxpayers to Allocate Basis in Digital Assets to Wallets or Accounts as of January 1, 2025 [Revenue Procedure 2024-28]

File name: Rev_Proc_2024-28_10.14.24.pdf

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