New IRS Form 1099-DA: What Crypto Traders Need to Know for 2026

The IRS is rolling out Form 1099-DA (Digital Assets), a brand-new tax reporting form designed specifically for cryptocurrency and digital asset transactions. If you trade crypto on centralized exchanges, this form will be part of your 2025 tax year filing. Here's everything you need to know to stay compliant and organized.

What Is Form 1099-DA?

Form 1099-DA is the IRS's new standardized reporting form for digital asset transactions. It replaces the patchwork of 1099-B and 1099-MISC forms that crypto exchanges previously used (or didn't use) to report trading activity.

The form was introduced as part of the Infrastructure Investment and Jobs Act's broker reporting requirements. It requires "brokers" — which the IRS defines broadly to include centralized exchanges, certain DeFi protocols, and payment processors — to report:

• •Gross proceeds from digital asset sales, trades, and dispositions
• •Cost basis for assets acquired after January 1, 2025 (when available)
• •Date of acquisition and disposition for each transaction
• •Type of digital asset — Bitcoin, Ethereum, stablecoins, NFTs, and other tokens

Who Will Receive a 1099-DA?

For the 2025 tax year (filed in 2026), you'll receive a 1099-DA if you:

The Multi-Exchange Problem

Most active crypto traders use multiple platforms. You might have accounts on Coinbase, Kraken, a Robinhood crypto account, and use a tax aggregator like Koinly or TaxBit to reconcile everything. This means you could receive:

• •3-5 separate 1099-DA PDFs from different exchanges
• •A consolidated report from your crypto tax software (Koinly, TaxBit, CoinTracker)
• •Supplemental transaction history exports in CSV or PDF format

Keeping all of these documents organized is critical — both for filing accurately and for having proper records in case of an IRS audit.

How to Organize Your Crypto Tax Documents

1. 1

   Download all 1099-DA forms

   Log into each exchange and download your 1099-DA PDF. Most platforms make these available in January or February under "Tax Documents" or "Tax Center."

2. 2

   Export your crypto tax software report

   If you use Koinly, TaxBit, or CoinTracker, export the IRS-ready report as a PDF. This reconciles cross-exchange transfers that individual 1099-DAs can't account for.

3. 3

   Merge into one organized document

   Use MiOffice's PDF merge tool to combine all your 1099-DA forms and tax software reports into a single, organized PDF. This makes filing and record-keeping much simpler.

4. 4

   Password protect and store securely

   Your merged crypto tax document contains sensitive financial data. Add a password before storing or sharing it with your CPA.

Cost Basis Challenges to Watch For

One of the biggest headaches with the new 1099-DA is cost basis reporting. Exchanges can only report the cost basis for assets acquired on their platform after January 1, 2025. This means:

• •Transferred assets — If you moved Bitcoin from Coinbase to Kraken and then sold on Kraken, Kraken may not know your original cost basis.
• •Pre-2025 purchases — Assets bought before 2025 won't have exchange-reported cost basis. You'll need your own records.
• •DeFi and self-custody — Transactions through wallets and DEXs won't appear on any 1099-DA. You must track these independently.

This is why crypto tax software like Koinly or TaxBit remains essential — it fills the gaps that 1099-DA forms can't cover by tracking wallet-to-wallet transfers and calculating accurate cost basis across all your platforms.