Tax reporting for digital assets has evolved with new rules and forms to address digital currencies, stablecoins, NFTs, and tokenized securities. Seth Poloner, Managing Director at E&Y, joins this segment to discuss new IRS reporting requirements for digital assets and key regulations in the crypto era. This includes discussion of broker responsibilities, reporting rules for transactions like stablecoins, NFTs, and tokenized securities, as well as new Form 1099-DA reporting. He also discusses the importance of staying up to date with changes in digital asset reporting and ensuring good faith efforts in compliance.