How should brokers report multiple types of qualifying stablecoins sold by a customer?


If a customer sells multiple types of qualifying stablecoins, brokers must report each type on a separate Form 1099-DA. For example:

  • Sales of Stablecoin A should be reported on one Form 1099-DA.

  • Sales of Stablecoin B should be reported on another Form 1099-DA.

Each form should include the necessary details for the specific stablecoin, ensuring that the IRS receives accurate information for each type of digital asset.

 

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