Preparing for Digital Asset Reporting on Form 1099-DA

1 AFSP, EA, CFP®, CPA, CRTP

Track:

Mid-career and beyond

Clients will soon walk in holding Form 1099-DA, Digital Asset Proceeds From Broker Transactions. This course covers the new digital asset broker reporting that begins for 2025 transactions, including what gross proceeds means for custodial brokers and when taxpayer statements and filings will land in early 2026. We’ll cover who is a broker, when reporting is triggered, transitional relief affecting basis and withholding, and practical steps to prep clients and verify 1099-DA accuracy.

Objectives

Upon completion of this session, you will be able to:

• Identify which intermediaries qualify as digital asset brokers and when Form 1099-DA is required

• Explain what must be reported as gross proceeds for 2025 trades

• Summarize transitional relief rules and their impact on basis reporting and withholding

• Build a client readiness checklist: records to gather, exchange/wallet reconciliation and documentation

to request

CPE information

Duration: 50 minutes

Course level: Intermediate

Prerequisite: Basic understanding of property transactions

Advanced preparation: None

Delivery method: Group Internet-Based

	CPE credits	Designation	Field of study
IRS	1	AFSP	Federal Tax Law Topic
IRS	1	EA	Federal Tax Law Topic
NASBA	1	CPA	Taxes
CTEC	1	CRTP	Federal Tax Law Topic
CFP Board	1	CFP®	n/a

Instructor(s)

Larry Pon, CPA, PFS, CFP®, EA