
Crypto Tax Form Risks Phantom Gains
The Looming Shadow of Form 1099-DA: Navigating the New IRS Crypto Reporting Landscape Introduction The cryptocurrency landscape is undergoing a seismic shift as the Internal Revenue Service (IRS) introduces Form 1099-DA, a new reporting requirement set to redefine how digital assets are taxed and monitored. Scheduled for implementation in the 2025 tax year, this form…