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Kevin Hern: “The source of income from newly minted digital assets is…”

Featuring: Kevin Hern, Republican | U.S. House Oklahoma, 1st Congressional District

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Kevin Hern: The IRS Is 'Spending Dollars To Track Pennies' By Monitoring Every Crypto Transaction

Published | Video Starts at 03:07

And another issue, however, sourcing issue. I think we talked about this a few minutes ago in the Tax Clarity for Mining and Staking act. The source of income from newly minted digital assets is based on the resident of the recipient at the time of the income is included. For each of you on the panel here, and you bring a lot of knowledge in this space, you do think this is the right approach for the sourcing perspective? (03:07–03:14)

CLAIM

Asserts that the source of income from digital assets is determined by the recipient's residency at the time of income inclusion.

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