
Survey: 1 in 5 US crypto investors unsure their 1099-DA is accurate
- —21% of filers or extension filers were still waiting for exchange information
- —2025 Form 1099-DA reports sale proceeds but not purchase cost basis
- —One client's exchange form showed under $100K in stablecoin proceeds versus $300K in actual trades
- —Kraken sent forms about two weeks before the April 15 deadline, some with no transaction data
Why it matters: The first 1099-DA filing season exposed gaps between broker forms and actual trades, raising the risk of inaccurate returns and IRS disputes.
Source: crypto.news
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