00:00So the IRS is going to get visibility to that.
00:02The second big change that happened starting in 2026 is that the exchanges have to report your transfers.
00:09So if you buy an asset on Coinbase, you buy 10,000 XRP, and then you transfer that to your wallet address,
00:19there's going to be a 1099 issued that states that you took this XRP at a certain price, these number of units,
00:27and you moved it from your Coinbase wallet, it'll state that wallet number to your private ledger wallet.
00:33So on the 1099 DA, it's going to state your actual wallet address of your XRP wallet.
Comments