Increased IRS Tracking of Cryptocurrency: Form 1099-DA
Richmond Journal of Law and Technology
JUNE 29, 2025
Increased IRS Tracking of Cryptocurrency: Form 1099-DA By: Elise Norotsky Beginning January 1, 2025, cryptocurrency will have its first form of standardized reporting, the form 1099-DA, Digital Asset Proceeds From Broker Transactions. [1] The form reports gross proceeds and gain, loss and cost-basis information and is filed by brokers dealing with digital assets, such as Coinbase, Kraken, or Gemini. [2] Prior to its enactment, the lack of standardized reporting made the realm difficult to effici
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