The Digital Asset Tax Framework — Excerpt

The digital asset landscape has evolved significantly over the past few years, prompting the need for a tax framework to assist with the complexities specific to digital assets. This document, an excerpt of the longer, 11-chapter resource, aims to provide a framework for understanding the tax implications of digital assets, including those commonly referred to as cryptocurrencies, stablecoins, and nonfungible tokens (NFTs). By outlining key definitions, basis tracking requirements, and reporting obligations, this framework serves as a valuable resource for