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🚧 Contractors taking crypto? The IRS is about to see it.

🚧 Contractors taking crypto? The IRS is about to see it.

Starting in 2025, crypto platforms like Coinbase, BitPay, and custodial wallets must report transactions to the IRS on a new form (1099-DA).

Important part most people miss 👇• The IRS gets gross proceeds, not your profit• Fees and original cost don’t reduce what’s reported• Matching rules will catch errors the same way 1099s do today

If you’ve accepted crypto for a job (or moved business crypto through an exchange), this creates real tax exposure if your books aren’t aligned.

Bottom line: crypto isn’t hidden income anymore — and surprises usually show up as IRS letters.

Worth getting ahead of this before filing season.