Crypto's Anonymous Era Just Ended: Form 1099-DA Now Tells the IRS What You Sold and Its Cost-Basis Math May Not Match Yours - 247wallst.com
Form 1099-DA now reports crypto sales and cost-basis to the IRS, ending anonymity for crypto transactions.
Aforeworn detected this change in the Crypto & DeFi Tax Reporting space on September 2, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated High urgency. All crypto exchanges, brokers, and high-volume traders. should confirm how it applies to their specific situation before acting. There is a time constraint attached: Immediate compliance required for the current tax year.. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Crypto & DeFi Tax Reporting continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
Introduction of Form 1099-DA which reports sales and cost-basis of digital assets to the IRS.
Who it affects
All crypto exchanges, brokers, and high-volume traders.
What you must do
Ensure accurate reporting of crypto transactions and reconcile cost-basis calculations with IRS data.
Deadline
Immediate compliance required for the current tax year.
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