Form 1099-DA is used by brokers to report proceeds from digital asset dispositions to a user and the IRS.
Cryptocurrency exchanges are moving to a new way of reporting users’ profits to the IRS — and the switch could expose investors to a steeper tax bill if they aren’t careful. A tax form that’s more ...
IRS Form 1099-DA creates crypto tax trap by reporting sales without cost basis, potentially doubling tax bills when purchase records are missing.