The draft Form 1099-DA captures expected data points such as acquisition and sales dates, transaction proceeds, and the cost basis of crypto assets sold. This information is needed and helpful for ...

You can access the new DA Form 4856 here. A still frame image of the new Army counseling form, which has dynamic fields that change as the form is filled out. (Steve Beynon/Military.com) ...

The final version of Form 1099-DA, Digital Asset Proceeds From Broker Transactions, will be used to report gross proceeds of digital asset sales and exchanges. The draft version, released Friday, ...

As a result, each digital asset middleman involved in the sale of digital assets must send its own Form 1099-DA to the IRS and the taxpayer. This could create a lot of confusion for the taxpayer.

I think the new DA Form 4856 is an excellent example of that commitment.” For more information and to view a "how to" video, visit the CAPL website at https://capl.army.mil.

The regulatory environment for digital assets will have significant implications for state-level reporting requirements. A notable development is Montana's introduction of the Form 1099-DA mandate, ...

The IRS’ introduction of the new digital asset Form 1099-DA, slated for implementation in 2025, is a critical update that both advisors and their clients must be aware of.