Understanding Your 1099-DA

The 1099-DA is the IRS’s new information reporting form for digital asset activity, and starting in tax year 2025 most U.S. crypto exchanges and brokers must report their customers’ crypto trades on it. This FAQ explains what the 1099-DA is, why you received one from your exchange, what data it includes (and what’s still missing), and how it connects to Form 8949, Schedule D, and your overall crypto tax filing.