December 2, 2025, 11:00 AM
2025 Tax News
Investing in digital assets has always required the reporting of gains and losses on your income tax returns in the year of disposition. Digital assets include virtual currencies, stablecoins, and NFTs. Beginning with the 2025 tax year, digital asset brokers will be required to issue Forms 1099-DA to report digital asset transactions to both taxpayers and the IRS.
For 2025, digital assets brokers are not required to report basis information. Therefore, if you receive a Form 1099-DA, be sure to provide us with the cost basis of the digital assets that were disposed.
