For each digital asset sale that a broker has affected for a customer in 2025, the broker must complete Form 1099-DA. A broker includes any person who, in the ordinary course of a trade or business, stands ready to affect sales of digital assets to be made by others. This program covers the required rules for reporting digital asset transactions on Form 1099-DA.
Target Audience
Accounting and finance professionals who need to understand the rules regarding Form 1099-DA
Course Objectives
Understand the rules relating to Form 1099-DA
Subjects
Definition of a digital asset for purposes of Form 1099-DA
What is a sale of a digital asset affected by a broker on behalf of another person?
Mandatory 2025 reporting of gross proceeds information and voluntary reporting of basis information
Treatment of sales of digital assets
Who is a broker for purposes of Form 1099-DA?
Information required to complete Form 1099-DA
Reporting closing transactions and covered securities
Who is a processor of digital asset payments?
How many transactions to report on each Form 1099-DA and how many forms to file for each transaction
Optional reporting methods for digital asset transactions
Substitute statements for the Form 1099
Reporting a disposition of digital assets held by a widely held fixed investment trust
