As of 1/1/24, the Internal Revenue Service (IRS) has implemented enhanced cryptocurrency tax reporting requirements, necessitating individuals who receive $10,000 or more in cryptocurrency tokens to promptly report the corresponding transactions within a 15-day timeframe. This obligation is applicable to transactions involving purchases of $10,000 or more in $STORE tokens.
To perform the required KYC for STORE token or equity purchases, click here.
Details on Tax Code Section 6050I
View and download IRS Form 8300