The IRS has delayed cryptocurrency reporting. The tax agency announced that until it issues final regulations, brokers won’t be required to report or furnish additional information with respect to dispositions of digital assets. They also won’t have to issue additional statements or file any returns with the IRS on transfers of digital assets. The reporting rules for digital assets were originally scheduled to take effect for returns or statements required to be filed or furnished after Dec. 31, 2023 (for post-2022 transactions). Until the IRS issues final regs, a broker may report gross proceeds and basis as required under existing law and regs as of Dec. 23, 2022. (Ann. 2023-2)