🚀 IRS Breaking News: New Digital Asset Transaction Reporting Form Will Be Applicable Starting in 2026!

📄 The IRS has just released a draft of Form 1099-DA for digital asset transactions. This form will help taxpayers report crypto transactions starting in 2025, with a filing deadline of April 2026.

📝 Compared to the April version, the new form removes the requirement to identify the broker type, detailed transaction time, and wallet address.

💬 IRS Commissioner Danny Werfel: The new form will be "clearer" and help taxpayers report more accurately.

👍 Attorney Drew Hinkes: The new Form 1099-DA is "significantly improved," "less burdensome" and requires "less data."

📢 Crypto Council for Innovation: These changes are the result of industry advocacy.

💬 The IRS is inviting user feedback over the next 30 days. What do you think of the new form? Comment below! 👇

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