File 1099-DA Online

What is IRS Form 1099-DA?

• 1099-DA, short for 1099-Digital Assets, is a brand-new IRS tax return, which is due for official use from the 2025 tax year.
• The IRS is yet to publish information pertaining to this form.
• According to tax experts, Form 1099-DA would be primarily used for reporting certain information pertaining to digital assets and crypto transactions.

Should You File 1099-DA with the IRS?

• When the form is implemented for official regulatory use, taxpayers would be required to report and file Form 1099-DA online or by mail.
• Just like other 1099 forms, Form 1099-DA will also be a part of the 1099 reporting mandate for business tax filers.
• You will need to file a 1099-DA tax return if you're a crypto entity, and you have digital asset information to report.
• The reporting instructions are yet to be published by the IRS.

What to Report On IRS Form 1099-DA?

• According to experts, Form 1099-DA may require taxpayers to report information relating to crypto transactions and digital or virtual assets.
• The IRS hasn't confirmed or provided direction on Form 1099-DA reporting instructions so far.
• Keep checking this space, or sign up for our mailing list to be the first to receive updates on Form 1099-DA instructions.

Form 1099-DA Reporting Instructions

• Form 1099-DA is scheduled to be in official use from the 2025 Tax Year. The reporting instructions and the filing guidelines will be issued by the IRS in the next few months.
• Tax professionals and experts are looking forward to the specimen copy release for the 1099-DA return.

For more, visit www.irs.gov

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