Crypto Broker Reporting Draft Form 1099-DA Released by IRS

April 19, 2024, 4:34 PM UTC

The IRS released a draft form for digital assets and cryptocurrency brokers to report information about their clients and transactions on their platforms.

The draft of form 1099-DA appeared on the IRS site Friday, giving crypto brokers a peek at what they could be required to report to the IRS next year and how they will be asked to do it.

The agency announced the new form when it released proposed broker reporting rules last year that would require crypto brokerages to report information about their users and on the transactions that occur on their platforms. Those have yet to ...

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