The IRS has increased warning letters to crypto investors by over 750% in the past 60 days, raising concerns about new tax regulations.

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CoinLedger co-founder David Kemmerer observed a 758% surge in users receiving letters from the U.S. IRS over the past 60 days. Several accounting firms confirmed the spike, likely linked to the upcoming 1099-DA rule requiring crypto brokers to report users’ income and cost basis starting next year. https://t.co/OjKFNTZ3jq

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