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VisitWhat will be the most common issue reported by users regarding the 1099-DA form by January 31, 2026?
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IRS Releases 1099-DA Form for 2025 Crypto Transactions, Drops Wallet Address Requirement
Aug 9, 2024, 10:05 PM
The Internal Revenue Service (IRS) has released an updated draft of the 1099-DA form, which will be used by brokers to report digital asset transactions starting in 2025. The new form, reflecting regulations issued in June, is designed to simplify tax reporting for crypto investors by removing the requirement to report wallet addresses, transaction IDs, and the time assets were acquired. This change is seen as a less burdensome approach for brokers and investors. The IRS is seeking feedback from the industry on this draft, with a 30-day comment period. Centralized exchanges are expected to begin issuing these forms to users in 2026, when reporting proceeds from transactions will start.
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