What information does Form 1099-DA include?

 Form 1099-DA provides essential details about digital asset transactions that brokers must report to the IRS and the recipient. The form typically includes:

• Filer and recipient details – name, address, and taxpayer identification number (TIN).

• Digital asset information – asset name, code, and the number of units involved.

• Transaction details – dates the asset was acquired and sold/disposed of.

• Financial information – proceeds, cost basis, and any market discount.

• Withholding details – federal and state tax withholding, if applicable.

Additionally, the form may include optional reporting information, such as:

• The type of digital asset (e.g., qualifying stablecoins or specified NFTs).

• The number of transactions reported under the optional method.

• For specified NFTs, gross proceeds from primary sales by the creator or minter.