Electronic Furnishing of Payee Statements Regarding Digital Asset Sales by Brokers (REG-105064-25)

These proposed regulations would enable brokers to furnish payee statements to customers reflecting information reported to the IRS on digital asset sale transactions in an electronic format instead of on paper pursuant to an optional process for obtaining customer consent. Under this process, brokers would not be required to offer customers the choice of receiving the statements on paper (or the ability to withdraw previously provided consents for electronic furnishing) but instead could terminate their relationship with customers that do not consent. Additionally, brokers would be required to meet certain enhanced electronic notice, delivery, and access requirements for these statements.