Simplify Form 1099-DA reporting for digital asset transactions. With 1099Online, you get built-in TIN-matching, bulk import, recipient copy delivery, and secure eFiling in one platform.
Form 1099-DA, Digital Asset Proceeds From Broker Transactions, is an IRS information return. Brokers use it to report proceeds from sales or dispositions of digital assets, including cryptocurrency, stablecoins, and NFTs. In some cases, brokers must also report cost basis. Recipients use this information to report gains and losses on their federal tax returns.
For transactions on or after January 1, 2025, brokers that effect sales or exchanges of digital assets for customers must file Form 1099-DA, with reporting beginning in 2026. Custodial exchanges, hosted wallet providers, and digital asset payment processors are all in scope. Taxpayers using foreign brokers may not receive a Form 1099-DA but must still report all taxable digital asset income on their federal tax returns.
Brokers must file a separate Form 1099-DA for each reportable digital asset disposition they effect for a customer. Reportable transactions include:
When a broker fee is paid in the same digital asset being disposed of, the fee is generally netted against the transaction proceeds and not reported as a separate disposition.
For transactions on or after January 1, 2025, brokers must report gross proceeds; the cost basis for covered digital assets applies to transactions on or after January 1, 2026. Basis reporting for non-covered digital assets remains voluntary. Brokers using IRS optional reporting methods for qualifying stablecoins or specified NFTs are not required to report the cost basis for those assets.
Digital asset brokers must report all reportable digital asset dispositions, regardless of amount.
Brokers must file Form 1099-DA for each reportable sale or disposition of digital assets effected for a customer on or after January 1, 2026.
The recipient copy deadline for Form 1099-DA is February 15 of the following year. Since February 15, 2027, is a federal holiday, the deadline moves to the next business day, i.e. February 16, 2027. IRS filing deadlines follow the standard information return schedule.
| Filing Type | Due Date |
|---|---|
| Furnish recipient copies | February 16, 2027 |
| Paper file with IRS | March 1, 2027 |
| eFile with IRS | March 31, 2027 |
1099Online is an IRS-authorized eFile provider that makes filing Form 1099-DA simple. You can enter data manually or import it in bulk using Excel. Once your data is in place, 1099Online runs a real-time TIN Match to catch errors before you file.
Enter 1099-DA information manually or use the Excel bulk import for high-volume filings. Add recipient details, digital asset information, gross proceeds, and cost basis where required.
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Review your forms and submit them securely to the IRS.
Form 1099-DA has no fixed minimum dollar threshold. Brokers must report all reportable digital asset dispositions, regardless of amount.
Yes, for covered securities in transactions on or after January 1, 2026. Basis reporting for non-covered digital assets is voluntary.
No. There are no IRS-recognized OBBBA threshold changes that apply to Form 1099-DA. Digital asset broker reporting is governed by separate IRS regulations that require reporting all reportable dispositions regardless of amount.
Late or missing forms carry IRS penalties of $60 per return if filed within 30 days of the deadline, $130 per return if filed by August 1, $340 per return if filed after August 1 or not filed, and $680 per return for intentional disregard.
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