Helen Partz reports in cointelegraph.com that "Treasury Department affirming that crypto miners, stakers and those who sell hardware and software for wallets are not subject to tax reporting obligations.”
The cryptocurrency industry in the United States is about to score a major legal win as the United States Treasury Department plans to spare crypto miners and other “ancillary parties” from tax reporting rules.
In a letter to a group of senators on Friday, the U.S. Treasury indicated that it plans to exempt crypto miners, stakers and other market participants from rules that would require crypto brokers to share data on their clients’ transactions with the Internal Revenue Service.
Source credit and full story - https://cointelegraph.com/news/crypto-miners-exempt-from-irs-reporting-rules-us-treasury-affirms
This is really good news for crypto adoption. I believe that as time goes there will be more clarity in crypto regulations.
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