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Form 1099-DA: Digital Asset Proceeds from Broker Transactions
IRS Form 1099-DA is used to report Digital Asset Proceeds From Broker Transactions by brokers who effect sales for customers. For sales after 2025, the broker must complete this form.
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IRS Form 1099-DA - Digital Asset Proceeds from Broker Transactions
IRS Form 1099-DA is used to report Digital Asset Proceeds From Broker Transactions by brokers who effect sales for customers. For sales after 2025, the broker must complete this form.
Risk Radar
Scan points- 1Do not omit completing required boxes (1d, 2, 6) for noncovered securities if you do not check Box 9.
- 2Failing to complete Form 1099-DA for any digital asset sale effected after 2025.
- 3Not checking Box 9 when reporting a noncovered security (if you choose not to use the optional method).
- 4Omitting required boxes (1d, 1g, 2, 6) when reporting a covered security without using an optional method.
- 5Failing to check Box 10 if reporting sales of qualifying stablecoins or specified NFTs using an optional method.
Plain English
This form tells the IRS about money earned from selling digital assets through a brokerage account. It documents details about those digital asset sales so the government knows what income to tax. Brokers file it to report transactions for their customers.
Submission Date
- Filing date: 2026-04-28 13:10:37
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
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What this form is for
- Use this form when you own or operate digital asset kiosks, OR you are a processor of digital asset payments with actual knowledge (or ordinary knowledge) of the transaction and gross proceeds.
- Do not use this form if you are solely providing proof-of-work or proof-of-stake distributed ledger validation services without other functions, OR if you only provide hardware/software that permits private key control without other functions.
- Check Form 1099-CAP instead when reporting a customer who is an exempt recipient due to changes in corporate control and capital structure.
Form selector
Use this form or another form?
Customer received cash for digital asset stock transfer
You are not required to file a second Form 1099-DA if the cash proceeds are reported on another Form 1099-DA.
✓ Confirm you have reported the related cash sale elsewhere.
Customer is an exempt recipient (under specific regulations)
You are not required to file Form 1099-DA for this customer if they qualify as exempt.
✓ Verify the recipient meets the criteria listed in Instructions p.5.
Reporting sales using optional stablecoin method
You may leave boxes 1d, 1e, 1g, 1h, 1i, 2, 3a, 3b, 5, 6, 8, 9, 12a, and 12b blank.
✓ Ensure you are using the optional reporting method for qualifying stablecoins.
Reporting sales of specified NFTs (optional method)
You must still complete all unnumbered boxes except the CUSIP number box if applicable.
✓ Check Box 11a to confirm this applies.
Deadline or filing window
Form 1099-DA must be completed for every sale effected after 2025. The instructions do not state a specific filing deadline date or day count following the transaction, but it is required for all sales occurring after that year.
Checklist
What you need before filling it out
Who must file
Owner/Operator of digital asset kiosks OR Processor of digital asset payments · Instructions p.2
Sales after 2025 requirement
All unnumbered boxes (except CUSIP) must be completed · Instructions p.4
Box 1e completion rule
Must be completed, unless reporting using an optional method · Instructions p.4
Box 3a completion rule
Must be completed if the digital assets were sold because of option exercise · Instructions p.4
Exempt recipient filing
Customer qualifies as exempt (per regulations) · Instructions p.5
Backup withholding rate
See part N in current Pub. 1099 or IRS.gov/Form1099DA · Instructions p.9
Before you submit
- 1Verify that all unnumbered boxes are completed (except CUSIP if none applies) for sales after 2025.
- 2Confirm Box 1a, Box 1b, and Box 1c have been completed.
- 3Ensure Box 1e is complete unless the optional reporting method is in use.
- 4Check Box 1f unless Box 11c has already been completed (if applicable).
- 5Complete Boxes 3b, 4, 5, 7, 8, 9, 14, 15, and 16 only if they are applicable to the transaction.
- 6If reporting is for a customer who received only cash/stock transfer, verify that other required Form 1099-DA filings exist.
- 7For foreign recipients, confirm you requested the completion of the appropriate Form W-8.
How to file this form
- 1Complete all required unnumbered boxes on Form 1099-DA for sales effected after 2025.
- 2Fill in specific data fields, ensuring Box 3a is checked if the sale resulted from option exercise.
- 3Determine and complete Boxes 14 through 16 to report state/local income tax information as applicable.
- 4Sign the Form 1099-DA before sending it to the recipient(s).
- 5Keep a copy of the completed Form 1099-DA for your records.
Known limitations
- 1A digital asset is a covered security only if it was acquired in an account where the broker provided custodial services and held until disposition.
- 2If reporting sales of qualifying stablecoins or specified NFTs using an optional method, box 1e (Date Sold or Disposed) may be left blank.
- 3If reporting a noncovered security, checking box 9 allows the filer to skip completing boxes 1d, 1g, 1h, 1i, and 2.
Field map
Compact field-by-field guide
Payer Info
1 items
Identifying information of the business or person making the payment.
Recipient Info
1 items
Identifying information of the person or entity receiving the payment.
Amounts
1 items
The payment amount subject to reporting for the applicable box category.
Withholding
1 items
Backup withholding amount if applicable.
Signatures
1 items
Name and phone number of the person to contact about this return.
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Fillable formOpen in Editor->The current edition is 20/26, and users should refer to IRS.gov/Form1099DA for the latest information regarding developments related to Form 1099-DA.
What changed or needs a fresh check
- Edition date — confirm the revision reads 20/26.
- Latest information page — confirm you reviewed IRS.gov/Form1099DA for updates.
- Filer responsibility — confirm you are either a kiosk owner/operator or a payment processor.
- CUSIP box requirement — confirm it may be left blank if no applicable number exists.
Quick Facts
Downloads
After you file
- 1Keep a copy of the completed IRS Form 1099-DA.
- 2For sales after 2025, if box 9 is not checked (even for a noncovered security), penalties under sections 6721 and 6722 apply for incorrect reporting in boxes 1d, 1g, 1h (if applicable), 1i (if applicable), 2, and 6.
- 3If the broker relies on customer-provided acquisition information, checking box 9 indicates this reliance; if all assets provided under that information have been disposed of, this box need not be checked.
- 4For future developments regarding Form 1099-DA, review IRS.gov/Form1099DA.
Sources
- SRCInstructions p.1 — A digital asset is defined as any digital representation of value recorded on a cryptographically secured distributed ledger.
- SRCInstructions p.1 — A digital asset is considered a covered security only if it was acquired in an account where the broker provided custodial services and held until disposition.
- SRCInstructions p.4 — If the disposed asset transferred to a broker, provide unit count in box 12a and transfer-in date in box 12b.
- SRCInstructions p.9 — Box 9 is checked if reporting the sale of a noncovered security; do not check it for a covered security.
- SRCInstructions p.7 — Gross proceeds (Box 1f) must show losses as a negative amount enclosed in parentheses.
- SRCInstructions p.10 — If using an optional reporting method, box 10 is reserved for future use.
Common confusion points
What defines a 'digital asset'?
A digital asset is any digital representation of value recorded on a cryptographically secured distributed ledger without regard to whether it is a covered security.
When must I complete boxes 1d, 1g, 2, and 6?
These boxes must be completed if the disposed digital asset is a covered security AND it is not being reported using an optional method.
Should I check box 9 even if my sale was of a covered security?
No, do not check box 9 if reporting the sale of a covered security.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- Treasury Decision 10000 (published July 9, 2024)
Questions about IRS Form 1099-DA
What is IRS Form 1099-DA used for?
This form tells the IRS about money earned from selling digital assets through a brokerage account. It documents details about those digital asset sales so the government knows what income to tax. Brokers file it to report transactions for their customers.
Who must file IRS Form 1099-DA?
A broker must file Form 1099-DA if they effect a sale of digital assets for their customers after 2025. The requirement extends to brokers providing custodial services.
What information does IRS Form 1099-DA require?
The form collects information regarding the sales, exchanges, or disposals of digital assets across various lines and boxes. Specific details include unit numbers (Box 12a), transfer-in dates (Box 12b), and whether the asset is covered or noncovered (Box 9).
When is IRS Form 1099-DA due?
The source does not state a specific filing deadline, but it mandates completion for each sale effected after 2025.
Where do I file IRS Form 1099-DA?
Taxpayers can file electronically using copies B, 1, and 2 in PDF format available at IRS.gov/Form1099DA. The instructions also reference general guidance on when and where to file.
How do I complete IRS Form 1099-DA?
The broker must complete the form for each sale effected after 2025. If applicable, they should check Box 9 to designate a noncovered security and then fill in relevant detail boxes like 1d or 6. The filer must sign before sending the completed Form 1099-DA.
What happens if IRS Form 1099-DA is filed incorrectly?
Failure to report or furnish information correctly subjects the filer to penalties under sections 6721 and 6722 of the Internal Revenue Code, even if a voluntary reporting method is used for noncovered securities.
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