2026 marks the first year brokers must issue Form 1099-DA for digital asset transactions. If you traded crypto on Coinbase, Kraken, or any major exchange, you’ll receive one.
What the 1099-DA Reports
Gross proceeds from sales, exchanges, and dispositions. Cost basis where available. Date of transactions.
DeFi and Self-Custody
Decentralized exchanges and self-custody wallets are still a gray area. Keep your own records. Learn about crypto wallets and security.
Tax Treatment
Short-term gains (held <1 year) taxed as ordinary income. Long-term gains taxed at 0%, 15%, or 20%. Understand capital gains rules. Read about Bitcoin fundamentals.
Common Mistakes
Not reporting crypto-to-crypto trades. Using incorrect cost basis. Forgetting staking rewards as income.
Read our full Bitcoin beginner’s guide.
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