Form 1099-DA arrives for crypto reporting in 2026

Millions of U.S. crypto investors will see Form 1099-DA for the first time in the 2026 filing season. The form covers 2025 digital asset activity on U.S. custodial platforms. It standardizes broker reporting, similar to Form 1099-B. It also creates gaps that practitioners must manage from day one.

The Law in Play

Congress directed broker reporting for digital assets under §6045 and related regulations.

The IRS implemented this framework through final broker rules and transition guidance. The core question is how much activity brokers must report versus what remains the taxpayer’s responsibility. The government favors standardized reporting, while taxpayers often transact across systems that brokers cannot see.

What Form 1099-DA Reports

Form 1099-DA reports dispositions on U.S. custodial trading platforms.

It provides gross proceeds for sales and exchanges. For 2025, all dispositions are non-covered. Brokers do not report cost basis to the IRS for any 2025 activity.

Some brokers may show a ba…