10. Crypto Reporting Enters a New Phase
The IRS will see more than ever before
For the first time, centralized crypto exchanges will report transactions directly to the IRS using Form 1099-DA.
Pros
- Clearer records for taxpayers
- Less confusion about reporting gains
Cons
- Reduced privacy
- Higher compliance burden
- Greater audit visibility
Form 1099-DA Explained (2025): How to Report Crypto Tax And Avoid IRS Penalties
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