The IRS’s 1099-DA tax form for reporting digital asset gains comes with a burden of over-reporting, Coinbase's tax experts ...

Crypto brokers like Coinbase send IRS form 1099-DA to crypto users.

The IRS explained the policy direction in the filing, stating: “These proposed regulations would generally not require brokers to furnish the 1099-DA ...

Janna Scott, founder of the crypto tax platform DeFi Tax, said the reporting gap exposes a deeper problem with how the industry has approached compliance. “I kept seeing the same pattern,” Scott told ...

A major shift in U.S. crypto taxation is about to begin as its the first year when IRS new rules announced in December 2024 will be finally implemented. The IRS had announced that starting January 1, ...

Taxpayers must report transactions that result in income, gains or losses during the tax year, according to tax experts.