IRS unveils draft 1099-DA for future digital asset transaction reporting Just days after tax season 2024 wrapped on April 16 for most filers, the Internal Revenue Service already alerted some taxpayers of changes coming for certain future filings. Specifically, the tax agency is expanding its efforts to track taxable digital asset transactions. That will be done in part via Form 1099-DA, with the appended initials designating digital assets. The IRS on April 19 released a draft version of the information return, dated 2025, for reporting digital asset transactions that will be furnished by brokers. The draft form is based on proposed IRS digital asset regulations issued last year. Tied to...
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