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.

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 ...

The IRS released a draft of a new tax form, Form 1099-DA, that brokers will use to report proceeds from certain digital asset transactions. The draft Form 1099-DA can be found on the IRS website ...

The IRS has released a draft of Form 1099-DA. The form is the next step in efforts to bolster crypto tax reporting and follows proposed regulations published last year.

IRS Unveils Form Your Broker May Send Next Year to Report Your Crypto Moves The rule that calls for the new 1099-DA isn't finished, yet, but the U.S. tax agency has shared what the form might look ...

The form is the result of the bipartisan Infrastructure and Investment Jobs Act that President Biden signed into law in 2021, which classifies crypto exchanges and trading platforms as brokers and ...