Form 1099-DA: Digital Asset Proceeds

Reconcile broker-reported proceeds with wallet and exchange records before the transaction reaches Form 8949 and Schedule D.

Reconcile Form 1099-DA with your records

Box 1f proceeds ($)

Box 1g broker basis ($)

Basis from your records ($)

Box 1i wash-sale loss disallowed ($)

Box 4 federal withholding ($)

Box 2 checked: basis reported to IRS

Your reconciled gain or loss before other Form 8949 adjustments is $4,000.00.

Reconciled gain or loss

$4,000.00

Broker-implied gain

$4,000.00

Basis difference

$0.00

Federal withholding

$0.00

The broker basis matches your records. Check the Form 8949 checkbox, holding period and any other adjustment fields before filing.

This reconciliation does not determine whether a transaction is taxable, select a Form 8949 adjustment code, value noncash proceeds, or calculate federal or state tax.

Form 1099-DA box-by-box

Box 1a

Code for digital asset

Box 1a shows the Digital Token Identifier Foundation code associated with the asset named in Box 1b.

Box 1b

Name of digital asset

Box 1b identifies the digital asset sold, exchanged or otherwise disposed of.

Box 1c

Number of units

Box 1c reports the quantity of digital-asset units disposed of in the transaction.

Box 1d

Date acquired

Box 1d reports the original acquisition date when known. It can be blank for noncovered assets, multiple acquisition dates or an unknown date.

Box 1e

Date sold or disposed

Box 1e reports the date of the sale, exchange or other taxable disposition.

Box 1f

Proceeds

Box 1f reports proceeds received for the digital asset, which can include cash, services, other digital assets or property.

Box 1g

Cost or other basis

Box 1g reports aggregate basis when available. If it is blank, determine basis from your own records before calculating gain or loss.

Box 1h

Accrued market discount

Box 1h applies when the digital asset is also a debt instrument and reports accrued market discount that can have ordinary-income treatment.

Box 1i

Wash sale loss disallowed

Box 1i reports a nondeductible wash-sale loss for a digital asset that is also stock or a security for federal tax purposes.

Box 2

Basis reported to IRS

When Box 2 is checked, the broker reported Box 1g basis to the IRS and identifies short- or long-term treatment in Box 6.

Box 4

Federal income tax withheld

Box 4 reports backup withholding. Include it with federal income tax payments claimed on the return.

Box 6

Gain or loss term

Box 6 identifies short-term, long-term or ordinary treatment when the broker has enough information.

Box 9

Noncovered security

Box 9 means the asset is noncovered; acquisition date, basis and holding-period fields may therefore be blank.

Box 11a–11c

Aggregate stablecoin or NFT reporting

Boxes 11a through 11c identify optional aggregate reporting for qualifying stablecoins or specified NFTs, including transaction counts and certain creator proceeds.

Box 12a–12b

Transferred-in units and date

Boxes 12a and 12b report units transferred into the broker and the transfer-in date, which can explain missing broker basis.

Form 1099-DA questions

What is Form 1099-DA?

Brokers use Form 1099-DA to report proceeds from digital-asset dispositions and, for some covered assets, cost basis and holding-period information.

What if Box 1g basis is blank?

Determine basis from your own books and records. A blank basis does not mean the entire proceeds amount is taxable gain.

Do I report digital assets without Form 1099-DA?

Yes. Taxable digital-asset income, gains and losses must be reported even when no information return is received.