👉 Form 1099-DA reports taxable transactions involving digital assets (such as cryptocurrency and NFTs) to both you and the IRS.
âť—Please, ensure that you are using Copy B of your 1099-DA form in order to complete your income and tax information.
📢 IMPORTANT: DO NOT combine information from different forms.
⚠️ NOTE: Please only use 1099-DA to report your proceeds from transactions with digital asset. If you received 1099-B form which covers cryptocurrency sales transactions please use the dedicated section Cryptocurrency Transactions.
🔎 Here is a brief explanation of how to populate the mandatory boxes on 1099-DA:
Filer's name -> Your name.
Filer's street address -> Your address.
Filer's city -> Your US city.
Filer's state -> Your US state.
Filer's ZIP code -> Your ZIP code.
Filer's TIN -> Your TIN (SSN or ITIN).
1a Code for Digital Asset -> Shows the Digital Token Identifier Foundation (DTIF) code associated with the name shown in box 1b for which the amounts are being reported.
1b Name of Digital Asset -> Shows the name of the digital asset.
1c Number of Units -> Shows the number of digital asset units sold, exchanged, or otherwise disposed of in the transaction.
1f Proceeds -> Shows the total proceeds from the digital asset transaction. Total proceeds may include cash, the value of services, digital assets, or other property received in exchange for the disposed digital assets.
1g Cost or Other Basis -> Shows the aggregate cost or other basis of the digital assets sold, exchanged, or otherwise disposed. If box 9 is checked, box 1g may be blank if the cost or other basis was unknown to the filer or the digital assets were acquired prior to 2026. If box 1g is blank, you will need to determine your basis based on your own books and records. If box 1g has any entry, including zero, the information within that box has been reported to the IRS as basis.
6 Gain or Loss is -> The short-term and long-term boxes pertain to short-term gain or loss and long-term gain or loss. If the “Ordinary” gain or loss box is checked, your digital asset may be subject to special rules. See the Instructions for Form 8949, Pub. 550, or Pub. 1212 for more details on whether there are any special rules or adjustments that might apply to your digital asset. If box 9 is checked, box 6 may be blank.
14 State name -> Show state(s)/local income tax information.