1099-DA is live
The latest on Form 1099-DA.
Brokers now report your digital-asset proceeds to the IRS on Form 1099-DA — and for anything that ever touched a self-custody wallet, the cost basis comes back blank. That leaves millions of investors staring at wildly inflated gains. Here’s what’s changing, what the IRS has actually said, and what it means for your return.
Not sure how it hits you? See how we fix missing cost basis →
Form 1099-DA · 2025
What the IRS sees
Box 1a · Proceeds
$84,210.00
Box 1b · Cost basis
—— blank
Box 1c · Gain (reported)
$84,210.00
Blank basis means your entire proceeds look like profit. We rebuild the missing cost basis so you’re taxed on the real gain.
From around the web
1099-DA in the news
Updated automatically. Headlines link out to the original source.
- 1099-DA missing basis: Avoiding crypto CP2000 notices - Thomson Reuters taxon November 3, 2026 at 9:48 pm
- Congress nullifies IRS crypto reporting regulations for DeFi platforms - RSM US LLPon October 29, 2026 at 11:54 am
- Form 1099-DA and the Zero-Basis Risk: What Crypto Investors Need to Know for Tax Year 2026 - JD Supraon September 24, 2026 at 7:00 am
- Crypto’s Anonymous Era Just Ended: Form 1099-DA Now Tells the IRS What You Sold and Its Cost-Basis Math May Not Match...on August 28, 2026 at 7:00 am
- Crypto Broker Tax Form’s New Challenges Call for Early Action - news.bloombergtax.comon August 19, 2026 at 7:00 am
- Form 1099-DA Changes the Digital Asset Tax Conversation - Forvis Mazars USon August 14, 2026 at 7:00 am
Our take
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Original analysis from the team that actually files these returns.
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