Topic · Taxes and estates
What is Form 1099-DA?
- Quick fact 1
Form 1099-DA is the IRS form for digital asset proceeds from broker transactions.
Source: IRS: About Form 1099-DA, Digital Asset Proceeds From Broker Transactions
- Quick fact 2
Brokers report gross proceeds for sales starting in 2025; basis reporting for certain assets starts with 2026 transactions.
Source: IRS: About Form 1099-DA, Digital Asset Proceeds From Broker Transactions
- Quick fact 3
Taxpayers report digital asset sales on Form 8949 and Schedule D.
Source: IRS: About Form 8949, Sales and Other Dispositions of Capital Assets
The short lesson
For years, crypto tax reporting was patchy. Form 1099-DA, “Digital Asset Proceeds From Broker Transactions,” changes that. It is the IRS form that crypto brokers, such as many exchanges, use to report your sales to you and to the IRS.
What it shows
- What you sold or exchanged, and when.
- Gross proceeds.
- For certain assets bought in later years, your cost basis.
Timing
Brokers report gross proceeds for sales in 2025, on forms you receive in early 2026. Cost basis reporting phases in for certain transactions starting in 2026.
What you still need to do
- Keep your own records. Coins moved in from another wallet or exchange may show no basis on the form. You need your own cost basis records.
- Report everything. The form helps, but you report sales on Form 8949 whether or not you get a 1099-DA.
Education only. For your situation, ask a tax professional.
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Related terms
Go deeper in Lesson 10: How to keep learning
More in Taxes and estates
Common questions
Do I need a 1099-DA to report crypto?
No. You must report taxable sales even without one.
Why is the cost basis blank?
Basis reporting phases in, and transferred-in coins may lack basis. Use your own records.
Do self-custody wallets send 1099-DA?
Generally no; brokers do.
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Written and reviewed by Joshua Baskin, founder. Last reviewed . How we check facts · Report an error
Education only. Not investment, tax or legal advice. We do not pick coins.