NFT Notes 6: Abraham Sutherland on the Reporting of Cryptocurrency & NFT Transactions
Ipse Dixit
English - October 28, 2021 20:12 - 31 minutes - 24.9 MB - ★★★★★ - 98 ratingsNews Society & Culture Philosophy law legal scholarship jurisprudence scholarship academia Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, Abraham Sutherland, an independent lawyer working in the crypto space, discusses the taxation and reporting of cryptographic assets, specifically the pending proposal to require the reporting of transactions in digital assets valued in excess of $10,000. In his essay, "The Proposal to Regulate Digital Asset Transactions Should Be Struck," published in TaxNotes, and in a research report for the Proof of Stake Alliance, Sutherland argues that the extension of rules governing cash transaction to transactions in all digital assets is unworkable and nonsensical. He explains why it would have undesirable consequence, and would be practically impossible for taxpayers to satisfy.
In addition, Sutherland announces my receipt of the 2004 Law & Aesthetics Creative Writing Award in the form of an NFT, and discusses the tax and reporting implications of my award.
This episode was hosted by Brian L. Frye, Spears-Gilbert Professor of Law at the University of Kentucky College of Law. Frye is on Twitter at @brianlfrye.
Hosted on Acast. See acast.com/privacy for more information.