US Form 1099-DA: sourced answers
1 answer to specific questions — each with a verbatim quote from an official source and a link to it.
Every answer is checked against a verbatim quote from a stored copy of its source and has passed an independent review. This is reference information, not legal advice: rules change, and the outcome depends on your circumstances.
Tax regime
Who must report under the regime
US brokers file Form 1099-DA: gross proceeds for transactions from 1 January 2025, cost basis for certain transactions from 1 January 2026.
«a forward contract, a regulated futures contract, a 2026 and beyond—Mandatory reporting of gross pro- securities futures contract, or an option). ceeds for all digital assets, mandatory reporting of Covered security. For purposes of Form 1099-DA, a basis information for digital assets that are covered covered security is a digital asset acquired after 2025 for securities, and voluntary reporting of basis informa- cash, stored-value cards, different digital assets, or any tion for digital assets that are noncovered securities.»
Source: irs.gov · source copy as of 2026-10-03
«rm 1099-DA has incorrect information Who sends Form 1099-DA Brokers must report gross proceeds from (and in some cases, basis for) sales or dispositions of digital assets to you and the IRS on Form 1099-DA. For 2025, the Form 1099-DA filing requirements generally apply to U.S. brokers. This means that taxpayers transacting with foreign brokers, such as exchanges based outside the United States, may not receive a Form 1099-DA from that foreign broker. Any taxable transactions using foreign brokers must still be reported on your tax return. Who gets Form 1099-DA You’ll get a Form 1099-DA i»
Source: irs.gov · source copy as of 2026-10-03
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