Are infrastructure providers like software and hardware companies required to file IRS “broker” returns when it comes to digital asset transactions that use their services?
Not so, Fenwick’s David Forst, Sean McElroy, and Matthew Dimon write in Tax Notes—arguing that just like miners and validators, the infrastructure providers who merely help build, deploy, and maintain systems and networks aren’t covered by new IRS rules that require brokers to make returns on digital asset transactions.
Read the full commentary and analysis in Tax Notes.