IRS Form 1099-DA: The Crypto Tax Form That Changes Everything in 2025
IRS Form 1099-DA: The Crypto Tax Form That Changes Everything in 2025 TL;DR The IRS isn’t waiting for you to self-report your crypto anymore. For the 2025 tax year, centralized exchanges are required to issue Form 1099-DA directly to both you and the IRS — meaning the agency already has your transaction data before you even file. This is the biggest shift in crypto tax enforcement since the IRS started asking about digital assets on the 1040. If you’ve been sloppy with your crypto reporting in past years, 2025 is the year that catches up with you. The good news: exchanges like Gemini are already providing cost basis data on the form, and tools exist to make importing this data into your tax software straightforward. ...