Regulation· ★★★· neutral·

IRS Form 1099-DA rollout leaves crypto filers with incomplete data

  • —21% of 1,000 surveyed users were still awaiting platform data for their filings
  • —One in five received an incomplete or inaccurate 1099-DA
  • —Forms show gross proceeds without cost basis, forcing users to calculate gains themselves
  • —One user with over $300,000 in stablecoin volume saw less than $100,000 reported
Why it matters: Rising compliance costs and error risk for US crypto holders, while the EU's MiCA framework offers a sharper contrast in regulatory clarity.
Source: Bit2Me News