Tax Law Blog
Posts from January 2026.
Posted by: Nicholas J. Stock II
Brokers and their investor customers in digital assets should prepare, and tax professionals should prepare to assist, with reporting proceeds from certain digital asset transactions. See IRS FS-2025-06, Sept. 25, 2025.
The statements reflecting information reported on Form 1099-DA will differ from other information statements taxpayers receive because most of these statements will not provide basis information regarding a taxpayer’s digital asset transaction(s) for the 2025 tax year.
Taxpayers will need to calculate their basis before filing their 2025 tax return. For ...
Categories: Corporate Income Tax, Income Tax
