IRS introduces broader ‘Digital Assets’ category on Draft 2022 tax form
2022-10-26 An early draft of the 2022 IRS tax form grouped cryptocurrencies, stablecoins and nonfungible tokens under a new “Digital Asset” category. For more information go to IRS.gov/virtualcurrencyfaqs Digital assets are any digital representations of value that are recorded on a cryptographically secured distributed ledger or any similar technology. E.g., digital assets include non-fungible tokens (NFTs) and virtual currencies, such as cryptocurrencies and stablecoins. If a particular asset has the…