Beginning on January 1, 2025, brokers are required to report gross proceeds from digital asset sales on the new Form 1099-DA and send them out by February 17, 2026. Even without a Form 1099-DA, you must report taxable crypto transactions and calculate your own tax basis for your 2025 tax return. The IRS is giving brokerage firms one more year to comply with other requirements such as tax basis.
NEW! Form 1099-DA