The IRS has posted an updated version of the crypto tax form. This eliminated the space for wallet addresses, among others.
US Internal Revenue Service updated Draft Form 1099-DA is used by brokers and taxpayers to report certain sale and exchange transactions of digital assets beginning in calendar year 2025.
These forms will be sent by brokers to taxpayers in early 2026.
In April, the IRS released an earlier version of the form for public comment, which included spaces for taxpayer digital wallet addresses and transaction IDs, as well as the types of brokers used in digital asset transactions, all of which were removed. Updated version.
The Chamber of Digital Commerce, the world's largest blockchain trade association, presented a form of feedback. A three-page letter To the IRS in June, News reported.
It expressed concern over the form's request for sensitive information, including transaction IDs and digital asset addresses, which should not be handled unless there are suspicions of criminal activity.
“This new form provides taxpayers with more clarity and another tool to help them accurately report their digital asset transactions,” said IRS Commissioner Danny Werfel. News release.
The IRS said public comments are welcome Submitted 30 days into the latest draft of the 1099-DA, and although it cannot respond to each due to high volume, it will review them all.
The US Treasury finalized new rules in June requiring custodial crypto brokers — including exchanges and payment processors — to report sales and trades in digital assets to the IRS, aimed at preventing crypto tax evasion. News reported.
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The rules do not include reporting requirements for decentralized or non-custodial brokers that do not hold digital assets; They are covered by different rules, the IRS said.
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