Understanding the New Digital Asset Broker Reporting Rules - a WSBA webinar
The Wall Street Blockchain Alliance (WSBA) is proud to present a special global webinar: “Understanding the New Digital Asset Broker Reporting Rules”.Date: Tuesday, August 27th, 2024Time: 11:00 am – 12:30 pm EasternPlatform: Via Zoom-----As part of the 2021 Infrastructure and Jobs Act, the United States Congress created a reporting regime for brokers of digital assets. The Treasury Department’s definition of a broker is expansive, but with numerous exceptions and exemptions built-in. The Treasury Department has also released several revenue rulings providing transitional filing and withholding relief for various types of transactions and brokers. This presentation will cover topics such as basis reporting, specific identification, backup withholding, dual classification assets, real estate purchased for digital assets, and special rules for multiple brokers, NFTs, and stablecoins.This presentation will demystify the July 2025 Treasury Department regulatory updates and provide professionals with a strong understanding of the new requirements for digital asset exchanges and other brokers. This webinar is essential for professionals involved with digital asset exchanges or companies that may be classified as brokers.Panelists: Jessalyn Dean - VP of Tax Information Reporting, Ledgible; Mark DiMichael - Partner, Citrin Cooperman Advisors LLC.
