The post IRS Shares Releases Updated Draft Version Of Crypto Tax Form appeared first on Coinpedia Fintech News
The U.S. Internal Revenue Service (IRS) has released an updated draft version of the tax form crypto brokers and investors will use to report proceeds from certain transactions, the 1099-DA. Beginning in 2026, crypto investors who use brokers will receive the 1099-DA from those brokers to report certain crypto sales and exchange transactions to the IRS as taxable events. It is been narrowed in significant ways from an earlier version and Crypto’s 1099 form will “bring more ease and clarity” for those paying U.S. crypto taxes, according to IRS officials.