November 7, 2022
Bloomberg Tax interviewed Tax Partner Adnan Islam for an article about new IRS guidance on digital asset broker reporting.
Bloomberg Tax
Excerpt:
Without guidance on the treatment of staking, tax advisers “extrapolate” the treatment of mining into staking, said Adnan Islam, a tax partner at Marcum LLP. “Instead of extrapolating based on similar transactions, I think tax advisers would welcome the specific guidance for digital asset and digital asset transactions, including staking to provide clients with more certainty and formal guidance straight from the source,” Islam said.
