Announcement 2024-4, page 665.

Section 80603(b)(3) of the Infrastructure Investment and Jobs Act, Pub. L. No. 117-58, 135 Stat. 429, 1339 (2021) (Infrastructure Act) amended section 6050I of the Internal Revenue Code to add digital assets to the list of assets included in the definition of cash in section 6050I(d). This Announcement clarifies that until the IRS issues new final regulations under section 6050I to implement the Infrastructure Act, digital assets are not required to be included when determining whether cash received in a single transaction (or two or more related transactions) has a value in excess of the $10,000 reporting threshold for purposes of determining whether reporting is required under section 6050I.