Cryptocurrency Q&A
Do DEXs report to the IRS?
Do DEXs report to the IRS?
SumoStrength
Fri Sep 20 2024
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5
answers
913
As a cryptocurrency enthusiast and investor, I'm curious to know if decentralized exchanges, or DEXs, are required to report transactions to the Internal Revenue Service (IRS) in the United States. Considering the decentralized nature of these exchanges, it's not entirely clear how they handle tax reporting obligations. Can you provide some insight into this matter? Are there any specific regulations or guidelines that DEXs need to follow in terms of tax reporting, or do they operate in a regulatory gray area?
