NFT Notes 6: Abraham Sutherland on the Reporting of Cryptocurrency & NFT Transactions

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.

Om Podcasten

Ipse Dixit is a podcast on legal scholarship. Each episode of Ipse Dixit features a different guest discussing their scholarship. The podcast also features several special series."From the Archives" consists historical recordings potentially of interest to legal scholars and lawyers."The Homicide Squad" consists of investigations of the true stories behind different murder ballads, as well as examples of how different musicians have interpreted the song over time."The Day Antitrust Died?" is co-hosted with Ramsi Woodcock, Assistant Professor of Law at the University of Kentucky College of Law, and consists of oral histories of the 1974 Airlie House Conference on antitrust law, a pivotal moment in the history of antitrust theory and policy.The hosts of Ipse Dixit are:Brian L. Frye, Spears-Gilbert Associate Professor of Law at the University of Kentucky College of LawLuce Nguyen, a student at Oberlin College and the co-founder of the Oberlin Policy Research Institute, an undergraduate public policy organization based at Oberlin CollegeMaybell Romero, Assistant Professor of Law at Northern Illinois University College of LawAntonia Eliason, Assistant Professor of Law at the University of Mississippi School of LawSaurabh Vishnubhakat, Associate Professor of Law at Texas A&M School of LawJohn Culhane, Professor of Law at Widener University Delaware Law SchoolBenjamin Edwards, Associate Professor of Law at the UNLV William S. Boyd School of LawMatthew Bruckner, Associate Professor of Law at Howard University School of LawComments and suggestions are always welcome at brianlfrye@gmail.com. You can follow the Ipse Dixit on Twitter at @IpseDixitPod. Hosted on Acast. See acast.com/privacy for more information.